PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cwalt Inc), Pooling and Servicing Agreement (Cwalt Inc)
PRELIMINARY STATEMENT. The Depositor is As provided herein, the owner of Trust Administrator shall elect that the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier “Subsidiary REMIC," the "” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class A-R CertificateAR Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in each REMIC for purposes of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICProvisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the Mortgage Loans in each Loan Group, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Date. The Distribution Date following table sets forth characteristics the third anniversary of the Master REMIC Certificates, together with scheduled maturity date of the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate Mortgage Loan having the latest scheduled maturity date as of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassCut-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------off Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (TBW 2006-2), Pooling and Servicing Agreement (TBW 2006-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the The Trust Fund (other than excluding the Corridor ContractsCredit Comeback Excess Account, the Corridor Contract Carryover Reserve Fund and the Reserve Fundassets held in the Pre-Funding Account) for federal income tax purposes will consist of three real estate mortgage investment conduits REMICs (each a "REMIC" or, in the alternative, the "Lower Tier Swap-IO REMIC," the "Middle Tier Strip REMIC" and the "Master REMIC," respectively"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier Swap-IO REMIC, the Middle Tier Strip REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier Strip REMIC Interests (other than the Class MTRSTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier Strip REMIC Interest (other than the Class MTRSTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Strip REMIC. The Strip REMIC and each Lower Tier will hold as assets the several classes of uncertificated Swap-IO REMIC Interests (other than the SWR-A-R Interest). Each Swap-IO REMIC Interest (other than the Class LTRSWR-A-R Interest) is hereby designated as a regular interest in the Lower Tier Swap-IO REMIC. The Swap-IO REMIC will hold as assets all property of the Trust Fund (excluding the Credit Comeback Excess Account, the Carryover Reserve Fund and the assets held in the Pre-Funding Account). The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The following table sets forth characteristics None of the Master REMICs described herein shall hold any interest in the Swap Trust, Swap Contract, Swap Account or Final Maturity Reserve Trust. SWAP-IO REMIC: The Swap-IO REMIC Certificates, together with Interests will have the minimum denominations principal balances and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral pass-through rates as set forth below. Swap-IO REMIC Interest Initial Class Principal Balance(1) Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ---------------------------------------------------------------- ------------------------- -----------------
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CWABS Asset-Backed Certificates Trust 2006-22), Pooling and Servicing Agreement (CWABS Asset-Backed Certificates Trust 2006-22)
PRELIMINARY STATEMENT. The Depositor is As provided herein, the owner of Trust Administrator shall elect that the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three purposes as comprising five real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each Certificate, Class of Certificates (other than the Class AAR and Class AR-R CertificateL Certificates, will represent the Exchangeable Certificates and the Exchangeable REMIC Certificates, and exclusive of any right to interest payable to the Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 5-A-2, Class 5-A-3, Class 6-A-2 or Class 6-A-3 Certificates to the extent such interest is payable at an interest rate exceeding the REMIC Maximum Rate) and each Class of Uncertificated REMIC Interests represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in each of Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets, the Class PP Reserve Fund and the several classes of uncertificated Middle Tier Interests in Middle REMIC 2 other than the Class MT2-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (1 other than the Class MTR-AMT1-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1 and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier applicable Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Mortgage Loans in Loan Group 1, and each Lower Tier all collections and accounts related thereto. Subsidiary REMIC Interest (other than 2 shall hold as its assets the Class LTR-A-R Interest) is hereby designated as a regular interest Mortgage Loans in the Lower Tier REMIC Loan Groups 2, 3, 4, 5, 6, 7, 8, 9 and 10, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp 1 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1N/A LT1-A-3 $40,341,000.00 R (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(3) AR-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------L ________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-5), Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-5)
PRELIMINARY STATEMENT. The Depositor is Securities Administrator on behalf of the owner of Trustee shall elect that five segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits purposes as comprising five REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" REMIC I, REMIC II, REMIC III, REMIC IV and the "Master REMIC," REMIC V, respectively). Each CertificateClass of Certificates, other than the Class AP and Class R Certificates and other than the right of each Class of LIBOR Certificates to receive Basis Risk Carry Forward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Swap Agreement and the Pre-R CertificateFunding Reserve Account, will represent represents ownership of one or more regular interests in the Master REMIC V for purposes of the REMIC Provisions. Additionally, the Class X Certificates represent the obligation to make certain payments of Basis Risk Carry Forward Amounts to Holders of LIBOR Certificates, and the LIBOR Certificates represent the obligation to make certain payments to the Class X Certificateholder to the extent that the interest accrued on its corresponding REMIC V Regular Interest is in excess of the interest accrued on such LIBOR Certificate. The Class A-P Certificates represent beneficial ownership of the Prepayment Charges, which portion of the Trust Fund shall be treated as a grantor trust. The Class I Interests are uncertificated REMIC V Regular Interests and are designed to fund net swap payments, in full or in part, on the Interest Rate Swap Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V for purposes of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICProvisions. The Master Class R-V, Class R-IV, Class R-III, Class R-II and Class R-I Interests comprise the Class R Certificate. The Startup Day for each REMIC will described herein is the Closing Date. The latest possible maturity date for each regular interest is the date referenced for such regular interest in this preliminary statement. REMIC V shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund)IV Regular Interests. Each Middle Tier such REMIC IV Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC IV. The Class IV-A-1, Class IV-A-2, Class IV-A-3, Class IV-A-4, Class IV-M-1, Class IV-M-2, Class IV-M-3, Class IV-M-4, Class IV-M-5, Class IV-M-6, Class IV-B-1, Class IV-B-2, Class IV-B-3, and each Lower Tier REMIC Interest (other than the Class LTRIV-A-R Interest) is B-4 Interests are hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------IV Accretion Directed Classes.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2006-He2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2006-He2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposesAs provided herein, the Trustee will elect that the Trust Fund (other than the Supplemental Loan Account, the Capitalized Interest Account, the Corridor Contracts, Contracts and the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three be treated for federal income tax purposes as two real estate mortgage investment conduits (each a "REMIC," or, or in the alternative, the "Lower Tier REMIC," the "Middle Tier Master REMIC" and the "Master Subsidiary REMIC," respectively). The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class SR-A-R Interest). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more REMIC regular interests in the Master REMIC for purposes of the REMIC ProvisionsREMIC. The Class A-R Certificate represents will represent ownership of the sole class of REMIC residual interest in each of the Lower Tier REMIC, the Middle Tier Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier Subsidiary REMIC will hold as assets all property the assets of the Trust Fund (other than the Corridor ContractsSupplemental Loan Account and the Capitalized Interest Account, the Reserve Fund Corridor Contracts and the Corridor Contract Reserve Fund). Each Middle Tier The uncertificated Subsidiary REMIC Interest Interests (other than the Class MTRSR-A-R Interest) is hereby are designated as a REMIC regular interest interests in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTRSubsidiary REMIC. The SR-A-R Interest) Subsidiary REMIC Interest is hereby designated as a regular the sole Class of REMIC residual interest in the Lower Tier REMIC Subsidiary REMIC. The "latest possible maturity date date," for federal income tax purposes, of all REMIC regular interests created herein shall hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================================================== Integral Initial Class Pass-Through Initial Class Rate Integral Multiples in Class Designation Certificate Rate Minimum Excess of Designation Balance (per annum) Minimum Denomination in Excess of Minimum --------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Class 1-A-1 $75,000,000.00 $ 35,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) (3) $25,000.00(4) $1,000.00(4) Class 1-A-3 $ 20,000,000.00 5.15% $1,000.00 $1,000.00 Class 1-A-4 $ 35,482,000.00 5.50% $25,000.00 $1,000.00 Class 1-A-5 (5) 5.50% $25,000.00(4) $1,000.00(4) Class 1-A-6 $ 102,430,000.00 5.50% $25,000.00 $1,000.00 Class 1-A-7 $ 71,700,000.00 5.50% $1,000.00 $1,000.00 Class 1-A-8 $ 5,573,000.00 5.50% $25,000.00 $1,000.00 Class 1-A-9 $ 6,730,000.00 5.50% $25,000.00 $1,000.00 Class 1-A-10 $ 85,000,000.00 (6) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 A-11 $ 35,000,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 A-12 (8) (9) $25,000.00(625,000.00(4) $1,000.00(61,000.00(4) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 A-13 $ 4,678,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 PO $ 1,513,491.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5A-A-2 R(11) $100.00 5.50% (1112) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 M $ 8,210,400.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 B-1 $ 3,368,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 B-2 $ 2,105,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 B-3 $ 1,894,500.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $ 1,473,500.00 5.50% $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $ 842,008.26 5.50% $100,000.00 $1,000.00 ================================================================================= ------------------------------------------==================================
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-34cb), Pooling and Servicing Agreement (Alternative Loan Trust 2005-34cb)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates, other than the Class A-P and Class R CertificateCertificates, will represent other than the right of each Class of LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Cap Agreements, represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------grantor trust.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Abs Capital I Inc Series 2004-He1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Abs Capital I Inc Series 2004-He1)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------grantor trust.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc Mort Pas THR Cert Ser 2004 Nc1), Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc Mort Pas THR Cert Ser 2004 Nc1)
PRELIMINARY STATEMENT. The Depositor is As provided herein, the owner of Trust Administrator shall elect that the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three purposes as comprising five real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each Certificate, Class of Certificates (other than the Class AAR and Class AR-R CertificateL Certificates, will represent the Exchangeable Certificates and the Exchangeable REMIC Certificates, and exclusive of any right to interest payable to the Class 1-X, Class 2-X or Class 3-X Certificates to the extent such interest is payable at an interest rate exceeding the REMIC Maximum Rate) and each Class of Uncertificated REMIC Interests represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in each of Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets, the Class PP Reserve Fund and the several classes of uncertificated Middle Tier Interests in Middle REMIC 2 other than the Class MT2-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (1 other than the Class MTR-AMT1-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1 and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier applicable Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Mortgage Loans in Loan Group 1, and each Lower Tier all collections and accounts related thereto. Subsidiary REMIC Interest (other than 2 shall hold as its assets the Class LTR-A-R Interest) is hereby designated as a regular interest Mortgage Loans in the Lower Tier REMIC Loan Groups 2 or 3, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein the scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Neither the Prefunding Account nor the Capitalized Interest Account shall be the Latest Possible Maturity Datean asset of any REMIC formed hereby. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp 1 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6.10% N/A LT1-1-A-2 $100,849,000.00 X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6.50% 1-A-3 $40,341,000.00 X LT1-Prefunding (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 16.10% N/A LT1-A-4 PO (4) 0.00% 1-P LT1-R (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 150.00 6.10% AR-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------L ________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-7), Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-7)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the The Trust Fund (other than excluding the Corridor ContractsCredit Comeback Excess Account, the Corridor Contract Carryover Reserve Fund and the Reserve Fundassets held in the Pre-Funding Account) for federal income tax purposes will consist of three real estate mortgage investment conduits REMICs (each a "REMIC" or, in the alternative, the "Lower Tier Swap-IO REMIC," the "Middle Tier Strip REMIC" and the "Master REMIC," respectively"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier Swap-IO REMIC, the Middle Tier Strip REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier Strip REMIC Interests (other than the Class MTRSTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier Strip REMIC Interest (other than the Class MTRSTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Strip REMIC. The Strip REMIC and each Lower Tier will hold as assets the several classes of uncertificated Swap-IO REMIC Interests (other than the SWR-A-R Interest). Each Swap-IO REMIC Interest (other than the Class LTRSWR-A-R Interest) is hereby designated as a regular interest in the Lower Tier Swap-IO REMIC. The Swap-IO REMIC will hold as assets all property of the Trust Fund (excluding the Credit Comeback Excess Account, the Carryover Reserve Fund and the assets held in the Pre-Funding Account). The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The following table sets forth characteristics None of the Master REMICs described herein shall hold any interest in the Swap Trust, Swap Contract, Swap Account or Final Maturity Reserve Trust. SWAP-IO REMIC: The Swap-IO REMIC Certificates, together with Interests will have the minimum denominations principal balances and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral pass-through rates as set forth below. Swap-IO REMIC Interest Initial Class Principal Balance(1) Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 ---------------------- ---------------------------- ----------------- SWR-1A $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 4,869,433.00 (2) SWR-1B $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 4,869,433.00 (3) SWR-2A $25,000.00 5,471,308.50 (2) SWR-2B $1,000.00 --------------------------------------------------------------------------------- Class 15,471,308.50 (3) SWR-3A $6,066,768.50 (2) SWR-3B $6,066,768.50 (3) SWR-4A $6,653,560.00 (2) Swap-A-4 IO REMIC Interest Initial Principal Balance(1) Pass-Through Rate ---------------------- ---------------------------- ----------------- SWR-4B $6,653,560.00 (3) SWR-5A $7,229,423.50 (2) SWR-5B $7,229,423.50 (3) SWR-6A $7,793,895.50 (2) SWR-6B $7,793,895.50 (3) SWR-7A $8,155,851.00 (2) SWR-7B $8,155,851.00 (3) SWR-8A $8,684,429.00 (2) SWR-8B $8,684,429.00 (3) SWR-9A $9,007,259.00 (2) SWR-9B $9,007,259.00 (3) SWR-10A $9,463,290.50 (2) SWR-10B $9,463,290.50 (3) SWR-11A $9,986,859.50 (2) SWR-11B $9,986,859.50 (3) SWR-12A $141,383,096.00 (2) SWR-12B $141,383,096.00 (3) SWR-13A $7,493,850.00 (2) SWR-13B $7,493,850.00 (3) SWR-14A $7,769,424.00 (2) SWR-14B $7,769,424.00 (3) SWR-15A $8,022,676.00 (2) SWR-15B $8,022,676.00 (3) SWR-16A $8,252,561.50 (2) SWR-16B $8,252,561.50 (3) SWR-17A $8,347,759.50 (2) SWR-17B $8,347,759.50 (3) SWR-18A $8,409,194.50 (2) SWR-18B $8,409,194.50 (3) SWR-19A $8,118,003.50 (2) SWR-19B $8,118,003.50 (3) SWR-20A $7,836,293.00 (2) SWR-20B $7,836,293.00 (3) SWR-21A $7,563,744.50 (2) SWR-21B $7,563,744.50 (3) SWR-22A $7,300,051.00 (2) SWR-22B $7,300,051.00 (3) SWR-23A $7,044,916.00 (2) SWR-23B $7,044,916.00 (3) SWR-24A $26,227,418.50 (2) SWR-24B $26,227,418.50 (3) SWR-25A $9,798,520.00 (2) SWR-25B $9,798,520.00 (3) SWR-26A $9,227,088.00 (2) SWR-26B $9,227,088.00 (3) Swap-IO REMIC Interest Initial Principal Balance(1) Pass-Through Rate ---------------------- ---------------------------- ----------------- SWR-27A $8,688,901.50 (2) SWR-27B $8,688,901.50 (3) SWR-28A $8,181,953.00 (2) SWR-28B $8,181,953.00 (3) SWR-29A $7,704,351.50 (2) SWR-29B $7,704,351.50 (3) SWR-30A $4,787,691.00 (2) SWR-30B $4,787,691.00 (3) SWR-31A $4,608,290.00 (2) SWR-31B $4,608,290.00 (3) SWR-32A $4,434,791.50 (2) SWR-32B $4,434,791.50 (3) SWR-33A $4,266,991.50 (2) SWR-33B $4,266,991.50 (3) SWR-34A $4,104,693.00 (2) SWR-34B $4,104,693.00 (3) SWR-35A $4,098,896.00 (2) SWR-35B $4,098,896.00 (3) SWR-36A $39,013,619.50 (2) SWR-36B $39,013,619.50 (3) SWR-37A $1,272,732.50 (2) SWR-37B $1,272,732.50 (3) SWR-38A $1,331,078.00 (2) SWR-38B $1,331,078.00 (3) SWR-39A $1,053,845.00 (2) SWR-39B $1,053,845.00 (3) SWR-40A $1,010,185.00 (2) SWR-40B $1,010,185.00 (3) SWR-41A $1,188,732.50 (2) SWR-41B $1,188,732.50 (3) SWR-42A $1,141,994.50 (2) SWR-42B $1,141,994.50 (3) SWR-43A $1,148,311.50 (2) SWR-43B $1,148,311.50 (3) SWR-44A $1,108,714.50 (2) SWR-44B $1,108,714.50 (3) SWR-45A $1,125,932.00 (2) SWR-45B $1,125,932.00 (3) SWR-46A $1,091,921.00 (2) SWR-46B $1,091,921.00 (3) SWR-47A $995,408.50 (2) SWR-47B $995,408.50 (3) SWR-48A $1,036,444.50 (2) SWR-48B $1,036,444.50 (3) SWR-49A $940,405.50 (2) Swap-IO REMIC Interest Initial Principal Balance(1) Pass-Through Rate ---------------------- ---------------------------- ----------------- SWR-49B $940,405.50 (3) SWR-50A $1,008,570.00 (2) SWR-50B $1,008,570.00 (3) SWR-51A $821,959.50 (2) SWR-51B $821,959.50 (3) SWR-52A $804,049.50 (2) SWR-52B $804,049.50 (3) SWR-53A $945,561.00 (2) SWR-53B $945,561.00 (3) SWR-54A $896,791.00 (2) SWR-54B $896,791.00 (3) SWR-55A $889,699.50 (2) SWR-55B $889,699.50 (3) SWR-56A $843,052.50 (2) SWR-56B $843,052.50 (3) SWR-57A $834,631.00 (2) SWR-57B $834,631.00 (3) SWR-58A $828,041.50 (2) SWR-58B $828,041.50 (3) SWR-59A $970,167.00 (2) SWR-59B $970,167.00 (3) SWR-60A $60,844,920.00 (2) SWR-60B $60,844,920.00 (3) SWR-Support (4) (5) $25,000.00(6SWR-P $ 100.00 (6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 SWR-40 Year Reserve (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(7) SW-A-6 A-R (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------8)
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CWABS Asset-Backed Certificates Trust 2006-21), Pooling and Servicing Agreement (CWABS Asset-Backed Certificates Trust 2006-21)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For The Trust Fund (excluding the Pre-funding Account, the Capitalized Interest Account and the Carryover Reserve Fund) for federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) purposes will consist of three real estate mortgage investment conduits REMICs (each a "REMIC" or, in the alternative, the "Lower Tier Swap-IO REMIC," the "Middle Tier " Strip REMIC" and the "Master REMIC," respectively"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in each of the Lower Tier Swap-IO REMIC, the Middle Tier Strip REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier Strip REMIC Interests (other than the Class MTRSTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier Strip REMIC Interest (other than the Class MTRSTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Strip REMIC. The Strip REMIC and each Lower Tier will hold as assets the several classes of uncertificated Swap-IO REMIC Interests (other than the SWR-A-R Interest). Each Swap-IO REMIC Interest (other than the Class LTRSWR-A-R Interest) is hereby designated as a regular interest in the Lower Tier Swap-IO REMIC. The Swap-IO REMIC will hold as assets all property of the Trust Fund (excluding the Pre-funding Account, the Capitalized Interest Account and the Carryover Reserve Fund). The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The following table sets Swap Trust, the Swap Contract and the Swap Account will not constitute any part of any REMIC. SWAP-IO REMIC: The Swap-IO REMIC Interests will have the principal balances and pass-through rates as set forth characteristics of the Master below: SWAP-IO REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Interests Initial Class Principal Balance(1) Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 ----------------------- ---------------------------- ----------------- SWR-1A $ 2,819,054.15 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 SWR-1B $ 2,819,054.15 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class SWR-2A $ 3,159,887.67 (2) SWR-2B $ 3,159,887.67 (3) SWR-3A $ 3,494,814.73 (2) SWR-3B $ 3,494,814.73 (3) SWR-4A $ 3,778,807.75 (2) SWR-4B $ 3,778,807.75 (3) SWR-5A $ 3,771,999.94 (2) SWR-5B $ 3,771,999.94 (3) SWR-6A $ 4,094,118.63 (2) SWR-6B $ 4,094,118.63 (3) SWR-7A $ 4,406,637.77 (2) SWR-7B $ 4,406,637.77 (3) SWR-8A $ 4,708,295.81 (2) SWR-8B $ 4,708,295.81 (3) SWR-9A $ 4,997,864.85 (2) SWR-9B $ 4,997,864.85 (3) SWR-10A $ 5,274,159.69 (2) SWR-10B $ 5,274,159.69 (3) SWR-11A $ 5,534,651.06 (2) SWR-11B $ 5,534,651.06 (3) SWR-12A $ 5,660,648.81 (2) SWR-12B $ 5,660,648.81 (3) SWR-13A $ 5,778,351.38 (2) SWR-13B $ 5,778,351.38 (3) SWR-14A $ 5,887,226.93 (2) SWR-14B $ 5,887,226.93 (3) SWR-15A $ 5,986,764.58 (2) SWR-15B $ 5,986,764.58 (3) SWR-16A $ 6,076,496.69 (2) SWR-16B $ 6,076,496.69 (3) SWR-17A $ 6,156,001.33 (2) SWR-17B $ 6,156,001.33 (3) SWR-18A $ 6,224,904.82 (2) SWR-18B $ 6,224,904.82 (3) SWR-19A $ 6,194,001.98 (2) SWR-19B $ 6,194,001.98 (3) SWR-20A $ 6,158,195.07 (2) SWR-20B $ 6,158,195.07 (3) SWR-21A $ 6,116,663.44 (2) SWAP-IO REMIC Interests Initial Principal Balance(1) Pass-Through Rate ----------------------- ---------------------------- ----------------- SWR-21B $ 6,116,663.44 (3) SWR-22A $ 5,937,755.73 (2) SWR-22B $ 5,937,755.73 (3) SWR-23A $ 8,392,426.49 (2) SWR-23B $ 8,392,426.49 (3) SWR-24A $ 8,001,998.53 (2) SWR-24B $ 8,001,998.53 (3) SWR-25A $ 7,630,904.30 (2) SWR-25B $ 7,630,904.30 (3) SWR-26A $ 7,278,145.26 (2) SWR-26B $ 7,278,145.26 (3) SWR-27A $ 6,942,776.44 (2) SWR-27B $ 6,942,776.44 (3) SWR-28A $ 6,623,902.84 (2) SWR-28B $ 6,623,902.84 (3) SWR-29A $ 4,837,558.73 (2) SWR-29B $ 4,837,558.73 (3) SWR-30A $ 4,682,152.03 (2) SWR-30B $ 4,682,152.03 (3) SWR-31A $ 4,531,756.23 (2) SWR-31B $ 4,531,756.23 (3) SWR-32A $ 4,386,209.03 (2) SWR-32B $ 4,386,209.03 (3) SWR-33A $ 4,245,354.31 (2) SWR-33B $ 4,245,354.31 (3) SWR-34A $ 4,255,095.20 (2) SWR-34B $ 4,255,095.20 (3) SWR-35A $ 4,399,691.01 (2) SWR-35B $ 4,399,691.01 (3) SWR-36A $ 4,235,932.55 (2) SWR-36B $ 4,235,932.55 (3) SWR-37A $ 4,078,647.66 (2) SWR-37B $ 4,078,647.66 (3) SWR-38A $ 3,927,562.71 (2) SWR-38B $ 3,927,562.71 (3) SWR-39A $ 3,782,416.41 (2) SWR-39B $ 3,782,416.41 (3) SWR-40A $ 3,561,187.57 (2) SWR-40B $ 3,561,187.57 (3) SWR-41A $ 3,264,202.84 (2) SWR-41B $ 3,264,202.84 (3) SWR-42A $ 3,157,461.76 (2) SWR-42B $ 3,157,461.76 (3) SWR-43A $ 3,054,221.66 (2) SWAP-IO REMIC Interests Initial Principal Balance(1) Pass-Through Rate ----------------------- ---------------------------- ----------------- SWR-43B $ 3,054,221.66 (3) SWR-44A $ 2,954,367.28 (2) SWR-44B $ 2,954,367.28 (3) SWR-45A $ 2,857,787.16 (2) SWR-45B $ 2,857,787.16 (3) SWR-46A $ 2,763,566.43 (2) SWR-46B $ 2,763,566.43 (3) SWR-47A $ 2,672,030.78 (2) SWR-47B $ 2,672,030.78 (3) SWR-48A $ 2,584,768.58 (2) SWR-48B $ 2,584,768.38 (3) SWR-49A $ 2,500,364.38 (2) SWR-49B $ 2,500,364.58 (3) SWR-50A $ 69,268,251.48 (2) SWR-50B $ 69,268,251.48 (3) SWR-Support (1-A-4 (4) (5) $25,000.00(6SWR-P $ 100.00 (6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1SW-A-5 $3,662,000.00 A-R (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (97) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ---------------------------------------------------------
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc10), Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc10)
PRELIMINARY STATEMENT. The Depositor is the owner Trustee shall elect to treat each of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist segregated pools of three assets described below as a real estate mortgage investment conduits conduit (each a "REMIC" or, in the alternative, REMIC 1, and REMIC 2, and REMIC 3, REMIC 3 also being referred to as the "Lower Upper Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificateand the Class P Certificates, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. In addition, each Certificate, other than the Class R and the Class P Certificates, represents an entitlement to receive payments from the Excess Reserve Fund Account maintained by the Trustee pursuant to Section 3.06(d). The Class A-R Certificate represents ownership of the sole class of residual interest in each of REMIC 1, REMIC 2, and the Lower Tier REMIC, the Middle Upper Tier REMIC and for purposes of the Master REMICREMIC Provisions. Although the Class P Certificate represents an interest in the Trust Fund, it does not represent an interest in any of the REMICs created under this Agreement. The Master Upper Tier REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier Interests in REMIC Interests (2, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier Interest is hereby designated as regular interests in REMIC will 2 for purposes of the REMIC Provisions. REMIC 2 shall hold as its assets all property the several classes of the Trust Fund (other than the Corridor Contractsuncertificated Lower Tier Interests in REMIC 1, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 1. REMIC 1 shall hold as its assets the Middle Tier REMIC and each Lower Tier REMIC Interest (property of the Trust Fund other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier Interests in REMIC 1 and REMIC 2, the Group 1 Pre-Funding Account, the Group 2 Pre-Funding Account, the Group 1 Capitalized Interest Account, the Group 2 Capitalized Interest Account, and the Excess Reserve Fund Account. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificateshereby is December 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------2033.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Indymac Abs Inc), Pooling and Servicing Agreement (Indymac Abs Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits purposes as comprising two REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Cap Agreement, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1 and Class LT-B-2 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Cap Agreement, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------grantor trust.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Series 2003 Nc2), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I MRT Ps THR CRT Ser 2003 Nc1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account and the Reserve FundCapitalized Interest Account, and exclusive of any entitlement to Prepayment Premiums) will consist of be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Pooling REMIC," , the "Middle Tier REMIC" Subsidiary REMIC and the "Master REMIC," respectively). Each Certificate, other than the Class A-R and Class P Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each of the Class A, Class M and Class B Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class X Certificate also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund. The Class R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC and the Master REMIC for purposes of the REMIC Provisions. The Class AR-R II Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master Pooling REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the several classes of uncertificated Lower Tier Interests in the Pooling REMIC and each such Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Pooling REMIC. The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC and the Subsidiary REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account and any entitlement to Prepayment Premiums. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datethirty-sixth month following month in which the Initial Mortgage Loan having the latest maturity date matures. The Pooling REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial class principal amount for each class of the Master Pooling REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Pooling Pooling REMIC REMIC Lower Tier Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Interest Initial Class PassDesignation Rate Principal Amount Class LTP-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1Initial-A-1 $75,000,000.00 P&I (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LTP-A-3 $40,341,000.00 Subs-IO (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- (3) Class 1LTP-A-4 Subs-PO (4) (5) $25,000.00(6Class LTP-A-IO-S (6) (6) Class R-II 2.80%(7) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------25.00 ___________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CSFB Home Equity Pass-Through Certificates, Series 2005-Fix1), Pooling and Servicing Agreement (CSFB Home Equity Pass-Through Certificates, Series 2005-Fix1)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.05. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral grantor trust. Corresponding Lower Tier Lower Tier Initial Lower Tier Upper Tier Class Pass-Through Multiples in Designation Interest Rate Principal Amount REMIC Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- ----------------- ------------- ------------------------------ ----------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 initial Corresponding A-1 Upper Tier REMIC Class 1initial Class Certificate Balance Class LT-A-2 $100,849,000.00 (1) 1/2 initial Corresponding A-2 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-1 (1) 1/2 initial Corresponding M-1 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-2 (1) 1/2 initial Corresponding M-2 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-3 (1) 1/2 initial Corresponding M-3 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-4 (1) 1/2 initial Corresponding M-4 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-5 (1) 1/2 initial Corresponding M-5 Upper Tier REMIC Class initial Class Certificate Balance Class LT-B-1 (1) 1/2 initial Corresponding B-1 Upper Tier REMIC Class initial Class Certificate Balance Class LT-B-2 (1) 1/2 initial Corresponding B-2 Upper Tier REMIC Class initial Class Certificate Balance Class LT-B-3 (1) 1/2 initial Corresponding B-3 Upper Tier REMIC Class initial Class Certificate Balance Class LT-Accrual (1) 1/2 Pool Stated Principal Balance plus 1/2 Subordinated Amount, less aggregate initial Lower Tier Principal Amount of Class LT-Group I and Class LT-Group II Class LT-Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.001% aggregate Stated Principal Balance of Group I Mortgage Loans (4) Class 1LT-A-3 $40,341,000.00 Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.001% aggregate Stated Principal Balance of Group II Mortgage Loans(4) Class 1LT-A-4 R (45) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------------------
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He6), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He6)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor Contracts, the Corridor Contract Reserve Fund and the Liquidation Reserve Fund) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier “Subsidiary REMIC," the "” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each Certificate, Class of Certificates (other than the Class AAR and Class AR-R CertificateL Certificates, will represent the Exchangeable Certificates and the Exchangeable REMIC Certificates and exclusive of the right to receive amounts from the Liquidation Reserve Fund) and each Class of Uncertificated REMIC Interests represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class AAR Certificates represent ownership of the sole class of residual interest in each of Middle REMIC 1, Middle REMIC 2, and the Master REMIC for purposes of the REMIC Provisions. The Class AR-R Certificate represents L Certificates represent ownership of the sole class of residual interest in the Lower Tier REMIC, Subsidiary REMIC for purposes of the Middle Tier REMIC and the Master REMICProvisions. The Master REMIC will shall hold as its assets the Class PP Reserve Fund and the several classes of uncertificated Middle Tier Interests in Middle REMIC 2 other than the Class MT2-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (1 other than the Class MTR-AMT1-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest). The Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the Mortgage Loans and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Date. The Distribution Date following table sets forth characteristics the third anniversary of the Master REMIC Certificates, together with scheduled maturity date of the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate Mortgage Loan having the latest scheduled maturity date as of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassCut-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------off Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CSMC 2006-8), Pooling and Servicing Agreement (CSMC 2006-8)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral grantor trust. Lower Tier Lower Tier Interest Initial Lower Tier Corresponding Upper Class Pass-Through Multiples in Designation Rate Principal Amount Tier REMIC Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 initial Corresponding Upper Tier REMIC A-1 initial principal balance Class 1LT-A-2 $100,849,000.00 (1) 1/2 initial Corresponding Upper Tier REMIC A-2 initial principal balance Class LT-A-3 (1) 1/2 initial Corresponding Upper Tier REMIC A-3 initial principal balance Class LT-A-4 (1) 1/2 initial Corresponding Upper Tier REMIC A-4 initial principal balance Class LT-M-1 (1) 1/2 initial Corresponding Upper Tier REMIC M-1 initial principal balance Class LT-M-2 (1) 1/2 initial Corresponding Upper Tier REMIC M-2 initial principal balance Class LT-M-3 (1) 1/2 initial Corresponding Upper Tier REMIC M-3 initial principal balance Class LT-B-1 (1) 1/2 initial Corresponding Upper Tier REMIC B-1 initial principal balance Class LT-B-2 (1) 1/2 initial Corresponding Upper Tier REMIC B-2 initial principal balance Class LT-B-3 (1) 1/2 initial Corresponding Upper Tier REMIC B-3 initial principal balance Class LT-Accrual (1) 1/2 Pool Stated Principal Balance plus1/2 Subordinated Amount, less aggregate initial Lower-Tier Principal Amount of Class LT-Group I and Class LT-Group II Class LT-Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.001% aggregate Stated Principal Balance of Group I Mortgage Loans (4) Class 1LT-A-3 $40,341,000.00 Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.001% aggregate Stated Principal Balance of Group II Mortgage Loans(4) Class 1LT-A-4 R (45) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------------------------------------
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He2), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He2)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve FundSupplemental Interest Trust) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each Certificate, Class of Certificates (other than the Class AAR and Class AR-R CertificateL Certificates, will represent the Exchangeable Certificates and the Exchangeable REMIC Certificates) and each Class of Uncertificated REMIC Interests represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the Class PP Reserve Fund and the several classes of uncertificated Middle Tier Interests in Middle REMIC 2 other than the Class MT2-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (1 other than the Class MTR-AMT1-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in Subsidiary REMIC 1. Subsidiary REMIC 1 shall hold as its assets the Middle Tier REMIC Mortgage Loans in Loan Groups 1, 2, 3, 4 and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC 5, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp 1 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.500% N/A LT1-A-2 $100,849,000.00 Grp 2 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 16.000% N/A LT1-A-3 $40,341,000.00 2-X (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(3) A-A-4 X LT1-Grp 3 (4) 7.000% N/A LT1-3-X (5) (5) $25,000.00(6A-X LT1-Grp 4 (6) $1,000.00(6) --------------------------------------------------------------------------------- Class 15.500% N/A LT1-A-5 $3,662,000.00 Grp 5 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 16.000% N/A LT1-A-6 5-X (8) (98) C-X LT1-R(9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 150.00 5.500% AR-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------L ________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CSMC Trust 2007-4), Pooling and Servicing Agreement (CSMC Trust 2007-4)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fundexclusive of any Prepayment Penalties) will consist of three be treated for federal income tax purposes as comprising five real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2 and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1 and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and Class LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Group I and Loan Group III, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Group II and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp I (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.500% N/A LT1-A-2 $100,849,000.00 I-X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(2) A-A-3 $40,341,000.00 X LT1-I-PO (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) A-P LT1-Grp III (5) $25,000.00(65.250% N/A LT1-III-X (6) $1,000.00(6(6) --------------------------------------------------------------------------------- Class 1A-A-5 $3,662,000.00 X LT1-III-PO (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(4) A-A-6 P LT1-R (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-8) N/A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contracts, assets held in the Corridor Contract Basis Risk Reserve Fund and the Reserve Fundexclusive of any entitlement to Interest Arrearage Amounts) will consist of three be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" Subsidiary REMIC and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each of the Class A, Class M and Class B Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class X Certificate also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund. The Class R Certificate represents ownership of the sole class of residual interest the Master REMIC for purposes of the REMIC Provisions. The Class AR-R II Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master Subsidiary REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (other than in the Class LTR-A-R Interest). The Subsidiary REMIC, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Subsidiary REMIC. The Subsidiary REMIC and each Lower Tier REMIC Interest (shall hold as its assets the property of the Trust Fund other than the Class LTR-A-R Interest) is hereby designated as a regular interest Lower Tier Interests in the Lower Tier REMIC Subsidiary REMIC, the Basis Risk Reserve Fund and any entitlement to Interest Arrearage Amounts. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datethirty-sixth month following month in which the Mortgage Loan having the latest maturity date matures. The Subsidiary REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each class of the Master Subsidiary REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Subsidiary REMIC Lower Tier Class Designation Subsidiary REMIC Lower Tier Interest Rate Initial Class Principal Balance Corresponding Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1LT1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-1 Class LT1-A-2 (1) (2) Class A-2 Class LT1-A-3 $40,341,000.00 (1) (2) Class A-3 Class LT1-A-4 (1) (2) Class A-4 Class LT1-A-5 (1) (2) Class A-5 Class LT1-M-1 (1) (2) Class M-1 Class LT1-M-2 (1) (2) Class M-2 Class LT1-M-3 (1) (2) Class M-3 Class LT1-M-4 (1) (2) Class M-4 Class LT1-M-5 (1) (2) Class M-5 Class LT1-M-6 (1) (2) Class M-6 Class LT1-B-1 (1) (2) Class B-1 Class LT1-B-2 (1) (2) Class B-2 Class LT1-B-3 (1) (2) Class B-3 Class LT1-B-4 (1) (2) Class B-4 Class LT1-Q (1) (3) Class X Class R-II Certificate 3.23% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 25.00 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-N/A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------___________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Home Equity Pass-Through Certificates, Series 2005-Age1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, the Swap Agreement, the Supplemental Interest Trust, and exclusive of any entitlement to Excess Servicing Fees (collectively, the Reserve Fund“Excluded Trust Property”)) will consist of be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Pooling REMIC," , the "Middle Tier Subsidiary REMIC" , and the "Master REMIC," respectively”). Each Certificate, other than the Class A-IO-S, Class X and Class R CertificateCertificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates (other than the Residual Certificates) represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class A-X Certificate represents ownership of the Class X Interest in the Master REMIC and also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund and the Supplemental Interest Trust. The Class R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master each REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Subsidiary REMIC and each for purposes of the REMIC Provisions. The Subsidiary REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Pooling REMIC, other than the Class LTR-ALTP-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Pooling REMIC. The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC and the Subsidiary REMIC, and the Excluded Trust Property. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Date. The Pooling REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial class principal amount for each class of the Master Pooling REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Pooling REMIC Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Pooling REMIC Lower Tier Interest Rate Initial Class PassPrincipal Amount Class LTP-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 18,800,100.00 Class 1LTP-A-2 $100,849,000.00 F1 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 5,700,000.00 Class 1LTP-A-3 $40,341,000.00 V1 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 5,700,000.00 Class 1LTP-A-4 F2 (2) $ 6,300,000.00 Class LTP-V2 (3) $ 6,300,000.00 Class LTP-F3 (2) $ 6,950,000.00 Class LTP-V3 (3) $ 6,950,000.00 Class LTP-F4 (2) $ 7,550,000.00 Class LTP-V4 (3) $ 7,550,000.00 Class LTP-F5 (2) $ 8,100,000.00 Class LTP-V5 (3) $ 8,100,000.00 Class LTP-F6 (2) $ 8,700,000.00 Class LTP-V6 (3) $ 8,700,000.00 Class LTP-F7 (2) $ 9,200,000.00 Class LTP-V7 (3) $ 9,200,000.00 Class LTP-F8 (2) $ 9,700,000.00 Class LTP-V8 (3) $ 9,700,000.00 Class LTP-F9 (2) $ 10,250,000.00 Class LTP-V9 (3) $ 10,250,000.00 Class LTP-F10 (2) $ 10,650,000.00 Class LTP-V10 (3) $ 10,650,000.00 Class LTP-F11 (2) $ 11,050,000.00 Class LTP-V11 (3) $ 11,050,000.00 Class LTP-F12 (2) $ 11,450,000.00 Class LTP-V12 (3) $ 11,450,000.00 Class LTP-F13 (2) $ 11,800,000.00 Class LTP-V13 (3) $ 11,800,000.00 Class LTP-F14 (2) $ 12,000,000.00 Class LTP-V14 (3) $ 12,000,000.00 Class LTP-F15 (2) $ 12,150,000.00 Class LTP-V15 (3) $ 12,150,000.00 Class LTP-F16 (2) $ 11,800,000.00 Class LTP-V16 (3) $ 11,800,000.00 Class LTP-F17 (2) $ 11,400,000.00 Class LTP-V17 (3) $ 11,400,000.00 Class LTP-F18 (2) $ 11,400,000.00 Class LTP-V18 (3) $ 11,400,000.00 Class LTP-F19 (2) $ 11,400,000.00 Class LTP-V19 (3) $ 11,400,000.00 Class LTP-F20 (2) $ 11,350,000.00 Class LTP-V20 (3) $ 11,350,000.00 Class LTP-F21 (2) $ 15,800,000.00 Class LTP-V21 (3) $ 15,800,000.00 Class LTP-F22 (2) $ 15,050,000.00 Class LTP-V22 (3) $ 15,050,000.00 Class LTP-F23 (2) $ 14,550,000.00 Class LTP-V23 (3) $ 14,550,000.00 Class LTP-F24 (2) $ 13,300,000.00 Class LTP-V24 (3) $ 13,300,000.00 Class LTP-F25 (2) $ 12,300,000.00 Class LTP-V25 (3) $ 12,300,000.00 Class LTP-F26 (2) $ 12,000,000.00 Class LTP-V26 (3) $ 12,000,000.00 Class LTP-F27 (2) $ 7,800,000.00 Class LTP-V27 (3) $ 7,800,000.00 Class LTP-F28 (2) $ 7,450,000.00 Class LTP-V28 (3) $ 7,450,000.00 Class LTP-F29 (2) $ 13,000,000.00 Class LTP-V29 (3) $ 13,000,000.00 Class LTP-F30 (2) $ 16,600,000.00 Class LTP-V30 (3) $ 16,600,000.00 Class LTP-F31 (2) $ 6,500,000.00 Class LTP-V31 (3) $ 6,500,000.00 Class LTP-F32 (2) $ 117,850,000.00 Class LTP-V32 (3) $ 117,850,000.00 Class LTP-F33 (2) $ 5,200,000.00 Class LTP-V33 (3) $ 5,200,000.00 Class LTP-F34 (2) $ 3,200,000.00 Class LTP-V34 (3) $ 3,200,000.00 Class LTP-F35 (2) $ 3,100,000.00 Class LTP-V35 (3) $ 3,100,000.00 Class LTP-F36 (2) $ 2,800,000.00 Class LTP-V36 (3) $ 2,800,000.00 Class LTP-F37 (2) $ 2,650,000.00 Class LTP-V37 (3) $ 2,650,000.00 Class LTP-F38 (2) $ 2,600,000.00 Class LTP-V38 (3) $ 2,600,000.00 Class LTP-F39 (2) $ 1,900,000.00 Class LTP-V39 (3) $ 1,900,000.00 Class LTP-F40 (2) $ 1,850,000.00 Class LTP-V40 (3) $ 1,850,000.00 Class LTP-F41 (2) $ 4,350,000.00 Class LTP-V41 (3) $ 4,350,000.00 Class LTP-F42 (2) $ 2,150,000.00 Class LTP-V42 (3) $ 2,150,000.00 Class LTP-F43 (2) $ 1,950,000.00 Class LTP-V43 (3) $ 1,950,000.00 Class LTP-F44 (2) $ 17,650,000.00 Class LTP-V44 (3) $ 17,650,000.00 Class LTP-F45 (2) $ 1,300,000.00 Class LTP-V45 (3) $ 1,300,000.00 Class LTP-F46 (2) $ 1,000,000.00 Class LTP-V46 (3) $ 1,000,000.00 Class LTP-F47 (2) $ 950,000.00 Class LTP-V47 (3) $ 950,000.00 Class LTP-F48 (2) $ 950,000.00 Class LTP-V48 (3) $ 950,000.00 Class LTP-F49 (2) $ 900,000.00 Class LTP-V49 (3) $ 900,000.00 Class LTP-F50 (2) $ 900,000.00 Class LTP-V50 (3) $ 900,000.00 Class LTP-F51 (2) $ 850,000.00 Class LTP-V51 (3) $ 850,000.00 Class LTP-F52 (2) $ 850,000.00 Class LTP-V52 (3) $ 850,000.00 Class LTP-F53 (2) $ 850,000.00 Class LTP-V53 (3) $ 850,000.00 Class LTP-F54 (2) $ 950,000.00 Class LTP-V54 (3) $ 950,000.00 Class LTP-F55 (2) $ 1,200,000.00 Class LTP-V55 (3) $ 1,200,000.00 Class LTP-F56 (2) $ 1,550,000.00 Class LTP-V56 (3) $ 1,550,000.00 Class LTP-F57 (2) $ 850,000.00 Class LTP-V57 (3) $ 850,000.00 Class LTP-F58 (2) $ 27,000,000.00 Class LTP-V58 (3) $ 27,000,000.00 Class LTP-R (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Asset Trust 2006-7)
PRELIMINARY STATEMENT. The Depositor is the owner Trustee shall elect to treat each of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist segregated pools of three assets described below as a real estate mortgage investment conduits conduit (each a "REMIC" or, in the alternative, REMIC 1, and REMIC 2, REMIC 2 also being referred to as the "Lower Upper Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R CertificateCertificates, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. In addition, the Offered Certificates represent an entitlement to receive payments from the Excess Reserve Fund Account maintained by the Trustee pursuant to section 3.06(e). The Class A-R Certificate represents ownership of the sole class of residual interest in each of REMIC 1, and the Lower Tier REMIC, the Middle Upper Tier REMIC and for purposes of the Master REMICREMIC Provisions. The Master Upper Tier REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier Interests in REMIC Interests (1, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier Interest is hereby designated as regular interests in REMIC will 1 for purposes of the REMIC Provisions. REMIC 1 shall hold as its assets all the property of the Trust Fund (other than the Corridor ContractsLower Tier Interests in REMIC 1, the Pre-Funding Account, the Capitalized Interest Account, and the Excess Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC Account. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is set forth in section 9.01 of all REMIC regular interests created herein shall be this agreement. Although the Latest Possible Maturity Date. The following table sets forth characteristics Class P Certificate represents an interest in the Trust Fund, it does not represent an interest in any of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------REMICs created under this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Indymac Abs Inc Hm Eq Mort Ln Asset Back Tr Ser SPMD 2001-B)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposesAs provided herein, the Trustee will elect that the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund Supplemental Loan Account and the Reserve FundCapitalized Interest Account) will consist of three be treated for federal income tax purposes as two real estate mortgage investment conduits (each a "REMIC," or, or in the alternative, the "Lower Tier REMIC," the "Middle Tier Master REMIC" and the "Master Subsidiary REMIC," respectively). The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class SR-A-R Interest). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more REMIC regular interests in the Master REMIC for purposes of the REMIC ProvisionsREMIC. The Class A-R Certificate represents will represent ownership of the sole class of REMIC residual interest in each of the Lower Tier REMIC, the Middle Tier Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier Subsidiary REMIC will hold as assets all property the assets of the Trust Fund (other than the Corridor Contracts, the Reserve Fund Supplemental Loan Account and the Corridor Contract Reserve FundCapitalized Interest Account). Each Middle Tier The uncertificated Subsidiary REMIC Interest Interests (other than the Class MTRSR-A-R Interest) is hereby are designated as a REMIC regular interest interests in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTRSubsidiary REMIC. The SR-A-R Interest) Subsidiary REMIC Interest is hereby designated as a regular the sole Class of REMIC residual interest in the Lower Tier REMIC Subsidiary REMIC. The "latest possible maturity date date," for federal income tax purposes, of all REMIC regular interests created herein shall hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ====================================================================================================================== Integral Initial Class Pass-Through Initial Class Rate Integral Multiples in Class Designation Certificate Rate Minimum Excess of Designation Balance (per annum) Minimum Denomination in Excess of Minimum --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 1-A-1 $ 100,000,000.00 5.50% $75,000,000.00 25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-2 $ 25,556,200.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 A-3 (2) (3) $25,000.00(4) $1,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class A-4 $ 102,224,800.00 5.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 $ 6,226,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 A-6 $ 22,633,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 A-7 $ 6,783,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 6PO $ 418,778.00 (5) $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-A-1 $36,166,000.00 R(6) $ 100.00 5.50% (7) (7) ---------------------------------------------------------------------------------------------------------------------- Class M $ 5,955,502.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 B-1 $ 2,493,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) B-2 $ 1,662,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 B-3 $ 1,246,500.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $ 1,108,000.00 5.50% $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $ 693,120.00 5.50% $100,000.00 $1,000.00 ================================================================================= ------------------------------------------======================================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-29cb)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, and the Reserve FundInterest Rate Cap Account, and exclusive of the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums) will consist of be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Subsidiary REMIC," , the "Middle Tier Intermediate REMIC" , and the "Master REMIC," respectively”). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class A-X Certificates also evidence ownership of the assets held from time to time in the Basis Risk Reserve Fund and the Interest Rate Cap Account, the Interest Rate Cap Agreement, and rights to receive certain payments from the holder of the Class R Certificate as described in Section 8.11 of this Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier Subsidiary REMIC, the Middle Tier REMIC Intermediate REMIC, and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Intermediate REMIC, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Intermediate REMIC and each for purposes of the REMIC Provisions. The Intermediate REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, the Interest Rate Cap Account, the Interest Rate Cap Agreement, and any entitlement to Prepayment Premiums. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datemonth following month in which the Mortgage Loan having the latest maturity date matures. The Subsidiary REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each class of the Master Subsidiary REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Subsidiary REMIC Lower Tier Class Designation Subsidiary REMIC Lower Tier Interest Rate Initial Class Principal Balance Corresponding Class of Intermediate REMIC Interests or Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A-1A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 82,030,000.00 Class LT2-A-1A Class LT1-A-1B (1) $ 75,720,000.00 Class LT2-A-2 $100,849,000.00 A-1B Class LT1-A-2A (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 54,795,013.00 Class 1LT2-A-3 $40,341,000.00 A-2A Class LT1-A-2B (2) $ 50,580,012.00 Class LT2-A-2B Class LT1-M-1 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 18,000,000.00 Class 1LT2-A-4 M-1 Class LT1-M-2 (3) $ 10,250,000.00 Class LT2-M-2 Class LT1-M-3 (3) $ 4,700,000.00 Class LT2-M-3 Class LT1-B-1 (3) $ 9,375,000.00 Class LT2-B-1 Class LT1-B-2 (3) $ 3,925,000.00 Class LT2-B-2 Class LT1-B-3 (3) $ 3,125,000.00 Class LT2-B-3 Class LT1-Q (4) $312,500,025.00 N/A Class LT1-R (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------R ___________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage Sec Corp Home Eq Pass THR Certs Ser 2003-1)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fundexclusive of any Prepayment Penalties) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMIC, the each of Middle Tier REMIC 1 and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (1 other than the Class MTR-AMT1-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1 and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and Class LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Group I and Loan Group IV, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Group II, Loan Group III and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC Loan Group V, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp I (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.50% N/A(9) LT1-A-2 $100,849,000.00 I-X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(2) A-A-3 $40,341,000.00 X LT1-I-PO (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) A-P LT1-IV-X (56) $25,000.00(6(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1A-A-5 $3,662,000.00 X LT1-IV-PO (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(4) A-A-6 P LT1-R (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-8) N/A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Acceptance Corp)
PRELIMINARY STATEMENT. The Depositor is Securities Administrator on behalf of the owner of Trustee shall elect that five segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits purposes as comprising five REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" REMIC I, REMIC II, REMIC III, REMIC IV and the "Master REMIC," REMIC V, respectively). Each CertificateClass of Certificates, other than the Class AP and Class R Certificates and other than the right of each Class of LIBOR Certificates to receive Basis Risk Carry Forward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Swap Agreement and the Pre-R CertificateFunding Reserve Account, will represent represents ownership of one or more regular interests in the Master REMIC V for purposes of the REMIC Provisions. Additionally, the Class X Certificates represent the obligation to make certain payments of Basis Risk Carry Forward Amounts to Holders of LIBOR Certificates, and the LIBOR Certificates represent the obligation to make certain payments to the Class X Certificateholder to the extent that the interest accrued on its corresponding REMIC V Regular Interest is in excess of the interest accrued on such LIBOR Certificate. The Class A-P Certificates represent beneficial ownership of the Prepayment Charges, which portion of the Trust Fund shall be treated as a grantor trust. The Class I Interests are uncertificated REMIC V Regular Interests and are designed to fund net swap payments, in full or in part, on the Interest Rate Swap Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V for purposes of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICProvisions. The Master Class R-V, Class R-IV, Class R-III, Class R-II and Class R-I Interests comprise the Class R Certificate. The Startup Day for each REMIC will described herein is the Closing Date. The latest possible maturity date for each regular interest is the date referenced for such regular interest in this preliminary statement. REMIC V shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest)IV Regular Interests. Each such REMIC IV Regular Interest is hereby designated as a regular interest in REMIC IV. The Middle Tier Class IV-A-1, Class IV-A-2, Class IV-A-3, Class IV-A-4, Class IV-M-1, Class IV-M-2, Class IV-M-3, Class IV-M-4, Class IV-M-5, Class IV-M-6, Class IV-B-1, Class IV-B-2, Class IV-B-3, and Class IV-B-4 Interests are hereby designated the REMIC will IV Accretion Directed Classes. REMIC IV shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund)III Regular Interests. Each Middle Tier such REMIC III Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in REMIC III. REMIC III shall hold as assets the Middle Tier several classes of uncertificated REMIC and each Lower Tier II Regular Interests. Each such REMIC II Regular Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in REMIC II. REMIC II shall hold as assets the Lower Tier several classes of uncertificated REMIC I Regular Interests. Each such REMIC I Regular Interest is hereby designated as a regular interest in REMIC I. REMIC I shall hold as assets all of the assets included in the Trust Fund other than the Prepayment Charges, the Supplemental Interest Trust, the Excess Reserve Fund Account, the Swap Account, the Pre-Funding Account, the Pre-Funding Reserve Account, the Capitalized Interest Account and the Interest Rate Swap Agreement. The REMIC I Regular Interests and the Class R-I Interest shall have the following tier interest rate, initial tier principal amount and latest possible maturity date of all as set forth in the table below. REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each I CLASS TIER INTEREST INITIAL TIER PRINCIPAL DESIGNATION RATE AMOUNT LATEST POSSIBLE MATURITY DATE --------------- ------------- ---------------------- ------------------------------ Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassI-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 C1 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 775,775,736.39 March 25, 2037 Class 1I-A-2 $100,849,000.00 PO1 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 152,059,315.17 March 25, 2037 Class 1I-A-3 $40,341,000.00 N (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) May 25, 2006 Class R-I (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (March 25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------, 2037
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund Pre-funding Account and the Reserve FundCapitalized Interest Account) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund, the Pre-funding Account and the Capitalized Interest Account). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ========================= ======================== ===================== ====================== ====================== Pass-Through Integral Multiples Initial Class Rate Minimum in Excess of Class Designation Certificate Balance (per annum) Denomination Minimum ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-1 $30,000,000.00 (1) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-2 $30,000,000.00 (2) (3) $25,000.00(4) $1.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-3 $38,600,000.00 6.25% $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-4 $3,438,000.00 6.25% $1,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-5 $8,697,000.00 6.25% $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-6 $2,029,000.00 6.25% $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-1 $99,980,000.00 6.00% $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-2 $47,272,000.00 6.00% $1,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-3 $25,700,000.00 (5) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-4 $65,700,000.00 (6) (7) $25,000.00(4) $1.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-5 $8,928,000.00 6.00% $1,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-6 $40,000,000.00 (5) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-7 $900,000.00 6.00% $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-8 $36,000,000.00 6.00% $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-9 $18,090,000.00 6.00% $1,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-10 $5,000,000.00 (8) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-11 $20,000,000.00 (9) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-12 $300,000.00 6.00% $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-13 $26,133,000.00 6.00% $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-X 78,872,718.00 (10) (11) $25,000.00(4) $1.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-X 302,353,475.00 (12) (13) $25,000.00(4) $1.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-1 $64,107.00 (14) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-2 $1,201,348.00 (14) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-R(15) $100.00 6.25% (16) (16) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class M $10,173,500.00 (17) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-1 $3,463,500.00 (17) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-2 $2,164,500.00 (17) $25,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-3 $1,948,500.00 (17) $100,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-4 $1,515,500.00 (17) $100,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-5 $1,299,600.91 (17) $100,000.00 $1.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class P $100.00 (18) 0.00%(18) (18) (18) ========================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ===================== ====================== ====================== ------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-J4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, and the Reserve FundInterest Rate Cap Accounts, and exclusive of the Interest Rate Cap Agreements and any entitlement to Prepayment Premiums and Excess Servicing Fees) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Pooling REMIC," , the "Middle Tier Subsidiary REMIC" , the Intermediate REMIC, and the "Master REMIC," respectively”). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class X Certificate also represents ownership of the Interest Rate Cap Agreements and the assets held from time to time in the Basis Risk Reserve Fund and the Interest Rate Cap Accounts. The Class R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC, the Intermediate REMIC, and the Master REMIC for purposes of the REMIC Provisions. The Class AR-R II Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master Pooling REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Intermediate REMIC, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Intermediate REMIC and each for purposes of the REMIC Provisions. The Intermediate REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the several classes of uncertificated Lower Tier Interests in the Pooling REMIC and each such Lower Tier Interest is hereby designated as a regular interest in the Pooling REMIC. The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC, the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, the Interest Rate Cap Accounts, the Interest Rate Cap Agreements and any entitlement to Prepayment Premiums or Excess Servicing Fees. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datefourth month following month in which the Mortgage Loan having the latest maturity date matures. The Pooling REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial class principal amount for each class of the Master Pooling REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Pooling REMIC Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Pooling REMIC Lower Tier Interest Rate Initial Class PassPrincipal Amount Class LTP-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 77,000,025.00 Class 1LTP-A-2 $100,849,000.00 F1 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 18,000,000.00 Class 1LTP-A-3 $40,341,000.00 V1 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 18,000,000.00 Class 1LTP-A-4 F2 (2) $ 17,000,000.00 Class LTP-V2 (3) $ 17,000,000.00 Class LTP-F3 (2) $ 16,500,000.00 Class LTP-V3 (3) $ 16,500,000.00 Class LTP-F4 (2) $ 16,000,000.00 Class LTP-V4 (3) $ 16,000,000.00 Class LTP-F5 (2) $ 15,000,000.00 Class LTP-V5 (3) $ 15,000,000.00 Class LTP-F6 (2) $ 14,500,000.00 Class LTP-V6 (3) $ 14,500,000.00 Class LTP-F7 (2) $ 14,000,000.00 Class LTP-V7 (3) $ 14,000,000.00 Class LTP-F8 (2) $ 13,500,000.00 Class LTP-V8 (3) $ 13,500,000.00 Class LTP-F9 (2) $ 12,500,000.00 Class LTP-V9 (3) $ 12,500,000.00 Class LTP-F10 (2) $ 12,500,000.00 Class LTP-V10 (3) $ 12,500,000.00 Class LTP-F11 (2) $ 11,500,000.00 Class LTP-V11 (3) $ 11,500,000.00 Class LTP-F12 (2) $ 11,000,000.00 Class LTP-V12 (3) $ 11,000,000.00 Class LTP-F13 (2) $ 11,000,000.00 Class LTP-V13 (3) $ 11,000,000.00 Class LTP-F14 (2) $ 10,000,000.00 Class LTP-V14 (3) $ 10,000,000.00 Class LTP-F15 (2) $ 10,000,000.00 Class LTP-V15 (3) $ 10,000,000.00 Class LTP-F16 (2) $ 9,500,000.00 Class LTP-V16 (3) $ 9,500,000.00 Class LTP-F17 (2) $ 9,000,000.00 Class LTP-V17 (3) $ 9,000,000.00 Class LTP-F18 (2) $ 8,500,000.00 Class LTP-V18 (3) $ 8,500,000.00 Class LTP-F19 (2) $ 8,500,000.00 Class LTP-V19 (3) $ 8,500,000.00 Class LTP-F20 (2) $ 7,500,000.00 Class LTP-V20 (3) $ 7,500,000.00 Class LTP-F21 (2) $ 7,500,000.00 Class LTP-V21 (3) $ 7,500,000.00 Class LTP-F22 (2) $ 170,500,000.00 Class LTP-V22 (3) $ 170,500,000.00 Class R-II (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------$ 25.00
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Asset Trust 2005-3)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, and the Reserve FundInterest Rate Cap Account, and exclusive of the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Pooling REMIC," , the "Middle Tier Subsidiary REMIC" , the Intermediate REMIC, and the "Master REMIC," respectively”). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class X Certificate also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund, the Interest Rate Cap Account, and the Interest Rate Cap Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC, the Intermediate REMIC, and the Master REMIC for purposes of the REMIC Provisions. The Class AR-R II Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master Pooling REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Intermediate REMIC, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Intermediate REMIC and each for purposes of the REMIC Provisions. The Intermediate REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interests in the Pooling REMIC. The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC, the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, the Interest Rate Cap Account, the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datefourth month following month in which the Mortgage Loan having the latest maturity date matures. The Pooling REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial class principal amount for each class of the Master Pooling REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Pooling REMIC Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Pooling REMIC Lower Tier Interest Rate Initial Class PassPrincipal Amount Class LTP-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 67,000,025.00 Class 1LTP-A-2 $100,849,000.00 F1 (2) $ 15,500,000.00 Class LTP-V1 (3) $ 15,500,000.00 Class LTP-F2 (2) $ 15,000,000.00 Class LTP-V2 (3) $ 15,000,000.00 Class LTP-F3 (2) $ 14,000,000.00 Class LTP-V3 (3) $ 14,000,000.00 Class LTP-F4 (2) $ 14,000,000.00 Class LTP-V4 (3) $ 14,000,000.00 Class LTP-F5 (2) $ 13,000,000.00 Class LTP-V5 (3) $ 13,000,000.00 Class LTP-F6 (2) $ 12,500,000.00 Class LTP-V6 (3) $ 12,500,000.00 Class LTP-F7 (2) $ 12,000,000.00 Class LTP-V7 (3) $ 12,000,000.00 Class LTP-F8 (2) $ 11,500,000.00 Class LTP-V8 (3) $ 11,500,000.00 Class LTP-F9 (2) $ 11,000,000.00 Class LTP-V9 (3) $ 11,000,000.00 Class LTP-F10 (2) $ 10,500,000.00 Class LTP-V10 (3) $ 10,500,000.00 Class LTP-F11 (2) $ 10,000,000.00 Class LTP-V11 (3) $ 10,000,000.00 Class LTP-F12 (2) $ 10,000,000.00 Class LTP-V12 (3) $ 10,000,000.00 Class LTP-F13 (2) $ 9,000,000.00 Class LTP-V13 (3) $ 9,000,000.00 Class LTP-F14 (2) $ 9,000,000.00 Class LTP-V14 (3) $ 9,000,000.00 Class LTP-F15 (2) $ 8,500,000.00 Class LTP-V15 (3) $ 8,500,000.00 Class LTP-F16 (2) $ 8,000,000.00 Class LTP-V16 (3) $ 8,000,000.00 Class LTP-F17 (2) $ 8,000,000.00 Class LTP-V17 (3) $ 8,000,000.00 Class LTP-F18 (2) $ 7,500,000.00 Class LTP-V18 (3) $ 7,500,000.00 Class LTP-F19 (2) $ 7,000,000.00 Class LTP-V19 (3) $ 7,000,000.00 Class LTP-F20 (2) $ 7,000,000.00 Class LTP-V20 (3) $ 7,000,000.00 Class LTP-F21 (2) $ 6,500,000.00 Class LTP-V21 (3) $ 6,500,000.00 Class LTP-F22 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 147,000,000.00 Class 1LTP-A-3 $40,341,000.00 V22 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 147,000,000.00 Class 1LTP-A-4 A-IO-S (4) (54) $25,000.00(6Class R-II (3) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------$ 25.00
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits purposes as comprising two REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Cap Agreement, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-M-1, Class LT-M-2, Class LT-B-1 and Class LT-B-2 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificate represents beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Cap Agreement, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------grantor trust.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc MRT PSS THR Cert Ser 2002-Nc6)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor ContractsYield Maintenance Account, the Corridor Contract Reserve Fund Yield Maintenance Agreement and the Reserve FundSupplemental Interest Trust) will consist of three be treated for federal income tax purposes as comprising five real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates and exclusive of the right to receive amounts from the Supplemental Interest Trust in the case of the Class 5-A-1 Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1 and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Groups 2 and 6, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Groups 1, 3, 4 and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC 5, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp 2 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 16.000% N/A LT1-A-2 $100,849,000.00 2-X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(2) A-A-3 $40,341,000.00 X LT1-Grp (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.75% N/A LT1-A-4 6-X (4) (54) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1A-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1X LT1-A-6 (8) R (9) $25,000.00(6(9) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-N/A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSMC Mortgage-Backed Pass-Through Certificates, Series 2006-2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposesAs provided herein, the Trustee will elect that the Trust Fund (other than the Supplemental Loan Account, the Capitalized Interest Account, the Corridor Contracts, Contracts and the Corridor Contract Reserve Fund and the Reserve Fund) will consist of be treated for federal income tax purposes as three real estate mortgage investment conduits (each a "REMIC," or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC," and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTRLT-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor ContractsSupplemental Loan Account, the Reserve Fund Capitalized Interest Account, the Corridor Contracts and the Corridor Contract Reserve Fund). Each Lower Tier REMIC Interest (other than the Class LT-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC. Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than REMIC. For federal income tax purposes, the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The "latest possible maturity date date" of all REMIC regular interests created herein shall hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ======================================================== ========================== ================== ======================== ====================== Integral Initial Class Pass-Through Multiples in Class Certificate Initial Class Rate Minimum Excess of Designation Certificate Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 1-A-1 $75,000,000.00 292,232,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 1-A-2 $100,849,000.00 (2) (3) $25,000.00(4) $1,000.00 ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 1-A-3 $49,300,000.00 (5) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 1-A-4 (46) (57) $25,000.00(625,000.00(4) $1,000.00(6) --------------------------------------------------------------------------------- 1,000.00 ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 1-A-5 $3,662,000.00 138,040,000.00 (7) 8) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 730,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 1-A-8 A-7 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 19,641,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 32-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 23,627,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 52-A-2 $505,000.00 6.00% $25,000.00 $1,000.00 ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 3-A-1 $111,000,000.00 71,364,000.00 6.00% $25,000.00 $1,000.00 ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class PO $2,389,603.00 (109) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class 5A-A-2 (11) (12R(10) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 100.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14100.00(11) $25,000.00(6100.00(11) ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class M $1,000.00(6) --------------------------------------------------------------------------------- Class X-B 13, 147,000.00 (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (2512) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class PO-B B-1 $261,609.00 5,008,000.00 (2512) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class PO-C B-2 $1,626,788.00 3,130,000.00 (2512) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class B-3 $2,606,000.00 3,130,000.00 (2812) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class B-4 $2,171,000.00 2,191,000.00 (2812) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------ -------------------------- ------------------ ------------------------ ---------------------- Class B-5 $1,302,777.74 1,565,296.62 (2812) $100,000.00 $1,000.00 ======================================================== ========================== ------------------------------------------================== ======================== ======================
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of (i) the Corridor Contracts, the Corridor Contract Reserve Fund and the Basis Risk Reserve Fund, (ii) will consist of the Basis Risk Cap and (iii) the Class X Cap) be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, REMIC 1, REMIC 2 and REMIC 3; REMIC 3 also being referred to as the "Lower “Upper Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively”). Each Certificate, other than the Class A-X Certificate and Class R Certificate, will represent Certificate represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class X Certificate represents ownership of two regular interests in the Upper Tier REMIC as described in note 9 of the table below for such REMIC. In addition, each Certificate, other than the Class R, Class A-IO, Class X, and Class P Certificates, represents the right to receive payments with respect to any Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls from the Basis Risk Reserve Fund pursuant to Section 5.06. The Class R Certificate represents ownership of the sole class of residual interest in each of REMIC 1, REMIC 2 and the Lower Tier REMIC, the Middle Upper Tier REMIC and for purposes of the Master REMICREMIC Provisions. The Master Upper Tier REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier Interests in REMIC Interests (2, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in REMIC 2 for purposes of the Middle Tier REMIC and each Provisions. REMIC 2 shall hold as its assets the several classes of uncertificated Lower Tier Interests in REMIC Interest (1, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 1. REMIC 1 shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in REMIC 1 and REMIC 2, the Basis Risk Reserve Fund, the right to receive Prepayment Premiums, the Basis Risk Cap, and the Class X Cap. The For purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Date. REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each 1 Lower Tier Interests. REMIC 1 Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation REMIC 1 Lower Interest Rate Initial Class Pass-Through Multiples in Principal Amount Class Certificate Rate Minimum Excess of Designation Balance (per annumLT1 - 1A -IO(1) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 7,815,736.00 Class LT1 - 2A -IO(1) (1-A-2 $100,849,000.00 ) 7,815,736.00 Class LT1 - 3A -IO(1) (1) 19,539,340.00 Class LT1 - 4A -IO(1) (1) 7,815,736.00 Class LT1 - Pool 1 (1) 291,620,931.66 Class LT1 - 1A -IO(2) (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 20,076,449.00 Class 1-A-3 $40,341,000.00 LT1 - 2A -IO(2) (2) 20,076,449.00 Class LT1 - 3A -IO(2) (2) 50,191,122.00 Class LT1 - 4A -IO(2) (2) 20,076,448.00 Class LT1 - Pool 2 (2) 19,841,799.00 Class LT1 - 1A -IO(3) (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 10,622,992.00 Class 1LT1 - 2A -IO(3) (3) 10,622,993.00 Class LT1 - 3A -IO(3) (3) 26,557,480.00 Class LT1 - 4A -IO(3) (3) 10,622,992.00 Class LT1 - Pool 3 (3) 118,623,414.00 Class LT1-A-4 R (4) (54) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------___________________________
Appears in 1 contract
Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc10)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral grantor trust. Corresponding Lower Tier Lower Tier Initial Lower Tier Upper Tier Class Pass-Through Multiples in Designation Interest Rate Principal Amount REMIC Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------------------------- ------------- ------------------------------ ---------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Mort Pass THR Certs Ser 2003-Nc10)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor ContractsYield Maintenance Account, the Corridor Contract Reserve Fund Yield Maintenance Agreement and the Reserve FundSupplemental Interest Trust) will consist of three be treated for federal income tax purposes as comprising five real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent and in the case of the Class 3-A-1 Certificates, exclusive of the right to receive amounts from the Supplemental Interest Trust, and in the case of the Class 5-A-1, Class 8-A-1 and Class 8-A-9 Certificates, exclusive of the rights and obligations with respect to the Swap Agreement, represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1, and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Groups 1, 2, 3, 4 and 7, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Groups 5, 6 and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC 8, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp 1 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6.500% N/A LT1-1-A-2 $100,849,000.00 X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class (2) D-X LT1-1-A-3 $40,341,000.00 PO (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) A-P LT1-Grp 2 (5) $25,000.00(66.000% N/A LT1-2-X (6) $1,000.00(6(6) --------------------------------------------------------------------------------- Class 1D-A-5 $3,662,000.00 X LT1-2-PO (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) A-P LT1-Grp 3 (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 15.500% N/A LT1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 X (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5(10) D-A-2 X LT1-3-PO (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5A-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5P LT1-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A Grp 4 (13) 7.000% N/A LT1-4-X (14) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XD-B X LT1-4-PO (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XA-C P LT1-Grp 7 (17) 6.000% N/A LT1-7-X (18) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XD-D X LT1-7-PO (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XA-E P LT1-R (21) (2221) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-N/A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-11)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund Fund, the Supplemental Loan Account and the Reserve FundCapitalized Interest Account) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund, the Supplemental Loan Account and the Capitalized Interest Account). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ========================= ======================== ===================== ====================== ====================== Pass-Through Integral Multiples Initial Class Rate Minimum in Excess of Class Designation Certificate Balance (per annum) Denomination Minimum ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-1 $50,000,000 (1) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-2 (2) (3) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-3 $193,835,000 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-4 $105,000,000 (5) $25,000.00 $1,000.00 ------------------------ ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-5 (6) (7) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-6 $89,922,000 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-7 $30,000,000 (8) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-8 (9) (10) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-9 $36,139,000 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-10 $53,557,000 5.50% $1,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-11 $68,711,000 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-12 $3,389,000 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-13 $23,657,000 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-14 $25,000,000 (1) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-15 $1,325,000 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-1 $62,259,000 7.00% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-2 $3,070,000 7.00% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-X (11) (12) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-X (13) (14) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-1 $2,250,933 (15) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-2 $627,214 (15) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-R(16) $100.00 5.50% (17) (17) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class M $21,348,200 (18) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-1 $7,116,000 (18) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-2 $4,348,600 (18) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-3 $3,953,300 (18) $100,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-4 $3,162,600 (18) $100,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-5 $1,976,646.24 (18) $100,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class P $100.00 (19) 0.00%(19) (19) (19) ========================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------===================== ====================== ====================== -----------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-J1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account and the Reserve FundCapitalized Interest Account, and exclusive of any entitlement to Dividend Return Interest and any entitlement to Prepayment Premiums) will consist of be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Subsidiary REMIC," , the "Middle Tier Intermediate REMIC" , and the "Master REMIC," respectively”). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class A-X Certificates also evidence ownership of the assets held from time to time in the Basis Risk Reserve Fund and rights to receive certain payments from the holder of the Class R Certificate as described in Section 8.11 of this Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier Subsidiary REMIC, the Middle Tier REMIC Intermediate REMIC, and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Intermediate REMIC, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Intermediate REMIC and each for purposes of the REMIC Provisions. The Intermediate REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, any entitlement to Dividend Return Interest and any entitlement to Prepayment Premiums. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datemonth following month in which the Mortgage Loan having the latest maturity date matures. The Subsidiary REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each class of the Master Subsidiary REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Subsidiary REMIC Lower Tier Class Designation Subsidiary REMIC Lower Tier Interest Rate Initial Class Principal Balance Corresponding Class of Intermediate REMIC Interests or Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A-1A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 52,250,000.00 Class LT2-A-1A Class LT1-A-1B (1) $ 42,750,000.00 Class LT2-A-2 $100,849,000.00 A-1B Class LT1-A-2A (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 61,050,013.75 Class 1LT2-A-3 $40,341,000.00 A-2A Class LT1-A-2B (2) $ 49,950,011.25 Class LT2-A-2B Class LT1-A-3A (2) $ 13,750,000.00 Class LT2-A-3A Class LT1-A-3B (2) $ 11,250,000.00 Class LT2-A-3B Class LT1-M-1 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 16,500,000.00 Class 1LT2-A-4 M-1 Class LT1-M-2 (3) $ 9,625,000.00 Class LT2-M-2 Class LT1-M-3 (3) $ 3,437,500.00 Class LT2-M-3 Class LT1-B-1 (3) $ 8,250,000.00 Class LT2-B-1 Class LT1-B-2 (3) $ 3,437,500.00 Class LT2-B-2 Class LT1-B-3 (3) $ 2,750,000.00 Class LT2-B-3 Class LT1-Q (4) $275,000,025.00 N/A Class LT1-R (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------R ___________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage Sec Corp Hm Equ Pass THR Cert Ser 2003-2)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fundexclusive of any Prepayment Penalties) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier “Subsidiary REMIC," the "” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class AAR Certificates represent ownership of the sole class of residual interest in each of Middle REMIC 1, Middle REMIC 2 and the Master REMIC for purposes of the REMIC Provisions. The Class AR-R Certificate represents L Certificates represent ownership of the sole class of residual interest in the Lower Tier REMIC, Subsidiary REMIC for purposes of the Middle Tier REMIC and the Master REMICProvisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the Mortgage Loans, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Corresponding Subsidiary Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of 1 Initial REMIC Interest Principal Balance Interest Rate Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp I (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.750% N/A(22) LT1-A-2 $100,849,000.00 I-X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(2) I-A-3 $40,341,000.00 X LT1-I-PO (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) I-P LT1-Grp II (5) $25,000.00(66.235% N/A LT1-II-X (6) $1,000.00(6(6) --------------------------------------------------------------------------------- Class 1D-A-5 $3,662,000.00 X-1 LT1-II-PO (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) D-P-1 LT1-Grp III (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 17.000% N/A LT1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1III-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 X (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5(10) D-A-2 X-1 LT1-III-PO (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5D-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5P-1 LT1-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A Grp IV (13) 5.000% N/A LT1-IV-X (14) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XD-B X-2 LT1-IV-P (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XD-C P-2 LT1-Grp V (17) 5.500% N/A LT1-V-X (18) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XD-D X-2 LT1-V-PO (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XD-E P-2 LT1-R (21) (2221) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-N/A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Thru Cert Series 2004-1)
PRELIMINARY STATEMENT. The Depositor is the owner Securities Administrator on behalf of the Trust Fund shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of (i) the Corridor ContractsCap Agreement (ii) the right to receive and the obligation to pay Basis Risk Carryover Amounts, (iii) the Excess Reserve Fund Account, (iv) the Collateral Account, and (v) the Supplemental Interest Trust and the Cap Account (collectively, the Corridor Contract Reserve Fund and the Reserve Fund“Excluded Trust Assets”)) will consist of three be treated for federal income tax purposes as comprising two real estate mortgage investment conduits under Section 860D of the Code (each a "“REMIC" ” or, in the alternative, “REMIC 1,” and “REMIC 2,”; REMIC 2 also being referred to herein as the "Lower “Upper Tier REMIC," .”) Any inconsistencies or ambiguities in this Agreement or in the "Middle Tier REMIC" and administration of this Agreement shall be resolved in a manner that preserves the "Master REMIC," respectively)validity of such REMIC election. Each Certificate, other than the Class A-R Certificates, represents ownership of a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions. In addition, each Certificate, will represent other than the Class R, Class X and Class P Certificates, represents the right to receive payments with respect to any Basis Risk Carryover Amounts. The Class R Certificate represents ownership of one or more regular interests the sole Class of residual interest in each of REMIC 1 and the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Upper Tier REMIC shall hold as its assets the uncertificated Lower Tier Interests in REMIC 1, other than the Class ALT1-R Certificate represents ownership interest, and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 1 for purposes of the sole class REMIC Provisions. REMIC 1 shall hold as its assets the property of residual interest in the Trust Fund other than the Lower Tier REMIC, the Middle Tier Interests in REMIC 1 and the Master REMICExcluded Trust Assets. REMIC 1: The Master following table sets forth the designations, principal balances and interest rates for each interest in REMIC will hold as assets the several classes 1, each of uncertificated Middle Tier REMIC Interests which (other than the Class MTR-ALT1-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in REMIC 1 (the Middle Tier “REMIC and each Lower Tier REMIC 1 Regular Interests”): Class Designation Initial Principal Balance Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Rate Corresponding Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1LT1-A-1 $75,000,000.00 ½ Corresponding Class balance (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1A-1 LT1-A-2 $100,849,000.00 ½ Corresponding Class balance (21) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1A-2 LT1-A-3 $40,341,000.00 ½ Corresponding Class balance (1) A-3 LT1-A-4 ½ Corresponding Class balance (1) A-4 LT1-A-5 ½ Corresponding Class balance (1) A-5 LT1-A-6 ½ Corresponding Class balance (1) A-6 LT1-M-1 ½ Corresponding Class balance (1) M-1 LT1-M-2 ½ Corresponding Class balance (1) M-2 LT1-M-3 ½ Corresponding Class balance (1) M-3 LT1-M-4 ½ Corresponding Class balance (1) M-4 LT1-M-5 ½ Corresponding Class balance (1) M-5 LT1-M-6 ½ Corresponding Class balance (1) M-6 LT1-M-7 ½ Corresponding Class balance (1) M-7 LT1-R (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (43) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------R
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HSI Asset Loan Obligation Trust 2007-Wf1)
PRELIMINARY STATEMENT. The Depositor is the owner Securities Administrator on behalf of the Trust Fund (exclusive of (i) the Swap Agreement, (u) the Cap Agreement (iii) the right to receive and the obligation to pay Basis Risk Carryover Amounts, (iv) the Excess Reserve Fund Account, (v) the Supplemental Interest Trust and the Supplemental Interest Trust Account and (vi) the obligations to pay Class I Shortfalls (collectively, the “Excluded Trust Assets”) shall elect that is hereby conveyed to two segregated asset pools within the Trustee in return Trust Fund be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of purposes as comprising three real estate mortgage investment conduits under Section 860D of the Code (each a "“REMIC" ” or, in the alternative, “REMIC 1,” REMIC 2” and “REMIC 3,”; REMIC 3 also being referred to herein as the "Lower “Upper Tier REMIC," .”) Any inconsistencies or ambiguities in this Agreement or in the "Middle Tier REMIC" and administration of this Agreement shall be resolved in a manner that preserves the "Master REMIC," respectively)validity of such REMIC election. Each Certificate, other than the Class A-R Certificates, represents ownership of a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions. In addition, each Certificate, will represent other than the Class R, Class X and Class P Certificates, represents (i) the right to receive payments with respect to any Basis Risk Carryover Amounts and (ii) the obligation to pay Class I Shortfalls. The Class R Certificate represents ownership of one or more regular interests the sole Class of residual interest in each of REMIC 1, REMIC 2 and the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Upper Tier REMIC shall hold as its assets the uncertificated Lower Tier Interests in REMIC 2, other than the Class ALT2-R Certificate represents ownership interest, and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 2 for purposes of the sole class of residual REMIC Provisions. REMIC 2 shall hold as its assets the uncertificated Lower Tier Interests in REMIC 1, and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 1. REMIC 1 shall hold as its assets the property of the Trust Fund other than the Lower Tier REMIC, the Middle Tier Interests in REMIC 1 and REMIC 2 and the Master REMICExcluded Trust Assets. REMIC 1: The Master following table sets forth the designations, principal balances and interest rates for each interest in REMIC will hold as assets the several classes 1, each of uncertificated Middle Tier REMIC Interests which (other than the Class MTR-ALT1-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in REMIC 1 (the Middle Tier “REMIC and each Lower Tier REMIC 1 Regular Interests”): Class Designation Initial Principal Balance Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class XLT1-A $ 25,780,631.20 (131 ) LT1-F1 $ 3,834,949.26 (142 ) $25,000.00(6LT1-V1 $ 3,834,949.26 (3 ) $1,000.00(6LT1-F2 $ 4,392,183.35 (2 ) --------------------------------------------------------------------------------- LT1-V2 $ 4,392,183.35 (3 ) LT1-F3 $ 4,930,349.57 (2 ) LT1-V3 $ 4,930,349.57 (3 ) LT1-F4 $ 5,443,289.45 (2 ) LT1-V4 $ 5,443,289.45 (3 ) LT1-F5 $ 5,924,612.01 (2 ) LT1-V5 $ 5,924,612.01 (3 ) LT1-F6 $ 6,368,494.20 (2 ) LT1-V6 $ 6,368,494.20 (3 ) LT1-F7 $ 6,071,750.18 (2 ) LT1-V7 $ 6,071,750.18 (3 ) LT1-F8 $ 5,776,668.58 (2 ) LT1-V8 $ 5,776,668.58 (3 ) LT1-F9 $ 5,495,927.68 (2 ) LT1-V9 $ 5,495,927.68 (3 ) LT1-F10 $ 5,228,830.54 (2 ) LT1-V10 $ 5,228,830.54 (3 ) LT1-F11 $ 4,974,714.07 (2 ) LT1-V11 $ 4,974,714.07 (3 ) LT1-F12 $ 4,732,947.44 (2 ) LT1-V12 $ 4,732,947.44 (3 ) LT1-F13 $ 4,502,930.45 (2 ) LT1-V13 $ 4,502,930.45 (3 ) LT1-F14 $ 4,284,092.08 (2 ) LT1-V14 $ 4,284,092.08 (3 ) LT1-F15 $ 4,077,346.63 (2 ) LT1-V15 $ 4,077,346.63 (3 ) LT1-F16 $ 3,879,032.23 (2 ) LT1-V16 $ 3,879,032.23 (3 ) LT1-F17 $ 6,962,774.90 (2 ) LT1-V17 $ 6,962,774.90 (3 ) LT1-F18 $ 6,326,980.58 (2 ) LT1-V18 $ 6,326,980.58 (3 ) LT1-F19 $ 5,723,968.20 (2 ) Class XDesignation Initial Principal Balance Interest Rate LT1-B V19 $ 5,723,968.20 (153 ) LT1-F20 $ 5,151,079.61 (162 ) $25,000.00(6LT1-V20 $ 5,151,079.61 (3 ) $1,000.00(6LT1-F21 $ 4,639,019.07 (2 ) --------------------------------------------------------------------------------- Class XLT1-C V21 $ 4,639,019.07 (173 ) LT1-F22 $ 2,699,234.04 (182 ) $25,000.00(6LT1-V22 $ 2,699,234.04 (3 ) $1,000.00(6LT1-F23 $ 2,514,317.96 (2 ) --------------------------------------------------------------------------------- Class XLT1-D V23 $ 2,514,317.96 (193 ) LT1-F24 $ 2,370,595.08 (202 ) $25,000.00(6LT1-V24 $ 2,370,595.08 (3 ) $1,000.00(6LT1-F25 $ 3,059,691.97 (2 ) --------------------------------------------------------------------------------- Class XLT1-E V25 $ 3,059,691.97 (213 ) LT1-F26 $ 2,815,452.51 (222 ) $25,000.00(6LT1-V26 $ 2,815,452.51 (3 ) $1,000.00(6LT1-F27 $ 2,578,987.17 (2 ) --------------------------------------------------------------------------------- Class XLT1-F V27 $ 2,578,987.17 (233 ) LT1-F28 $ 2,364,027.49 (242 ) $25,000.00(6LT1-V28 $ 2,364,027.49 (3 ) $1,000.00(6LT1-F29 $ 1,133,930.01 (2 ) --------------------------------------------------------------------------------- Class POLT1-A $663,597.00 V29 $ 1,133,930.01 (253 ) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class POLT1-B $261,609.00 F30 $ 1,730,842.06 (252 ) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class POLT1-C $1,626,788.00 V30 $ 1,730,842.06 (253 ) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class POLT1-D $169,969.00 F31 $ 1,308,461.62 (252 ) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class ALT1-R(26V31 $ 1,308,461.62 (3 ) $100.00 5.50% LT1-F32 $ 1,223,918.26 (272 ) LT1-V32 $ 1,223,918.26 (273 ) --------------------------------------------------------------------------------- Class M $15,632,500.00 LT1-F33 $ 1,149,695.58 (282 ) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 LT1-V33 $ 1,149,695.58 (283 ) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 LT1-F34 $ 1,079,969.16 (282 ) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 LT1-V34 $ 1,079,969.16 (283 ) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 LT1-F35 $ 1,014,466.88 (282 ) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 LT1-V35 $ 1,014,466.88 (283 ) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------LT1-F36 $ 15,688,704.61 (2 ) LT1-V36 $ 15,688,704.61 (3 )
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-Nc1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Shortfall Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Corridor Contract Shortfall Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ===================== =================== ================= ================== ================== Pass-Through Integral Initial Class Rate Minimum Multiples in Class Designation Certificate Balance (per annum) Denomination Excess of Minimum --------------------- ------------------- ----------------- ------------------ ------------------ Class 1-A-1 $85,200,000.00 (1) $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class 1-A-2 (2) (3) $25,000.00(4) $1,000.00(4) --------------------- ------------------- ----------------- ------------------ ------------------ Class 1-A-3 $18,029,000.00 5.50% $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class 1-A-4 $11,044,000.00 5.50% $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class 1-A-5 $2,541,000.00 5.50% $1,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class 1-A-6 $13,056,000.00 5.50% $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class 1-A-7 $544,000.00 5.50% $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class 1-X (5) (6) $25,000.00(4) $1,000.00(4) --------------------- ------------------- ----------------- ------------------ ------------------ Class 2-A-1 $117,728,000.00 (7) $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class 2-A-2 (8) (9) $25,000.00(4) $1,000.00(4) --------------------- ------------------- ----------------- ------------------ ------------------ Class 2-A-3 $4,906,000.00 6.50% $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class 2-X (10) (11) $25,000.00(4) $1,000.00(4) --------------------- ------------------- ----------------- ------------------ ------------------ Class PO-A $149,615.00 (12) $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class PO-B $791,904.00 (12) $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class A-R(13) $100.00 5.50% (14) (14) --------------------- ------------------- ----------------- ------------------ ------------------ Class M $4,763,000.00 (15) $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class B-1 $2,116,600.00 (15) $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class B-2 $1,323,000.00 (15) $25,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class B-3 $926,100.00 (15) $100,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class B-4 $793,800.00 (15) $100,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class B-5 $661,459.33 (15) $100,000.00 $1,000.00 --------------------- ------------------- ----------------- ------------------ ------------------ Class P $100.00 0.00%(16) $100.00 N/A ===================== Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ================= ================== ================== ------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Countrywide Home Loans 2005-J9)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, excluding of the Corridor Contract Reserve Fund and the assets in the Corridor Contract Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than excluding of the Corridor Contracts, Contract and the Reserve Fund and assets in the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ====================================================================================================================== Integral Initial Class Pass-Through Initial Class Rate Integral Multiples in Class Designation Certificate Rate Minimum Excess of Designation Balance (per annum) Minimum Denomination in Excess of Minimum --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 51,462,500.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 51,462,500.00(2) (23) $25,000.00 25,000.00(4) $1,000.00 --------------------------------------------------------------------------------- 1.00(4) ---------------------------------------------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) 65,000,000.00 5.75% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) 108,000,000.00 5.75% $1,000.00(6) --------------------------------------------------------------------------------- 25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 49,980,769.00 6.50% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-6 $6,519,231.00 (5) $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-7 $40,733,000.00 6.25% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-8 $3,542,000.00 (5) $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-9 $28,750,000.00 (6) $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-10 $6,250,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-6 (8) (9) A-11 $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.5029,416,400.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-8 A-12 $26,686,000.00 5.503,350,000.00 6.00% $1,000.00 25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-13 $1,410,000.00 6.00% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-14 $2,350,000.00 6.00% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-15 $2,900,000.00 6.00% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-16 $600,000.00 6.00% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50210,817,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class 32-A-1 A-2 $257,750,000.00 20,000,000.00 6.00% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 2-A-3 $20,000,000.00 6.50% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 2-A-4 $18,486,000.00 6.25% $1,000.00 --------------------------------------------------------------------------------- $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 42-A-1 A-5 $43,246,000.00 30,570,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class 2-A-6 $670,000.00 6.00% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 2-A-7 $32,000,000.00(2) 0.25% $25,000.00(4) $1.00(4) ---------------------------------------------------------------------------------------------------------------------- Class 2-A-8 $760,000.00 6.00% $25,000.00 $1.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-X $413,276,032.00(2) (8) $25,000.00(4) $1.00(4) ---------------------------------------------------------------------------------------------------------------------- Class 2-X $309,562,993.00(2) (9) $25,000.00(4) $1.00(4) ---------------------------------------------------------------------------------------------------------------------- Class PO $564,793.00 (5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class 5A-A-2 R(10) $100.00 6.00% (11) (11) ---------------------------------------------------------------------------------------------------------------------- Class M-1 $16,762,700.00 (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class PO-B M-2 $261,609.00 1,862,400.00 (2512) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class PO-C B-1 $1,626,788.00 8,194,700.00 (2512) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class PO-D B-2 $169,969.00 5,959,700.00 (2512) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class B-3 $2,606,000.00 3,724,900.00 (2812) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class B-4 $2,171,000.00 3,352,300.00 (2812) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ---------------------------------------------------------------------------------------------------------------------- Class B-5 $1,302,777.74 2,979,941.28 (2812) $100,000.00 $1,000.00 1.00 ====================================================================================================================== ------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-36t2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor ContractsPre-funding Account, the Capitalized Interest Account, the Corridor Contract Reserve Fund Contract, the Supplemental Interest Trust and the Corridor Contract Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor ContractsPre-funding Account, the Reserve Fund Capitalized Interest Account, the Corridor Contract, the Supplemental Interest Trust and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 116,500,000.00 6.50% $25,000.00 $1.00 ------------------------------------------------------------------------------- Class 1-A-2 $32,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 32,000,000.00(2) (3) $25,000.00 25,000.00(4) $1,000.00 --------------------------------------------------------------------------------- 1.00(4) ------------------------------------------------------------------------------ Class 1-A-4 (4) (5) $25,000.00(6) 5,000,000.00 6.50% $1,000.00(6) --------------------------------------------------------------------------------- 25,000.00 $1.00 ------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 48,630,000.00 6.50% $25,000.00 $1.00 ------------------------------------------------------------------------------- Class 1-A-6 $33,000,000.00 (75) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- 1.00 ------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% 33,000,000.00(6) (7) $25,000.00 25,000.00(4) $1,000.00 --------------------------------------------------------------------------------- 1.00(4) ------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.5016,683,000.00 6.50% $1,000.00 25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50100,024,000.00 7.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ------------------------------------------------------------------------------- Class 2-A-2 $3,628,000.00 7.00% $25,000.00 $1.00 ------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% 24,594,000.00 (8) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 18,773,000.00 (109) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1.00 ------------------------------------------------------------------------------- Class 51-A-2 X $212,148,849.00(10) (11) (12$25,000.00(4) $25,000.00(61.00(4) ------------------------------------------------------------------------------- Class 2-X $1,000.00(6109,362,808(12) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) $25,000.00(4) $1.00(4) ------------------------------------------------------------------------------- Class PO-1 $1,938,876.00 (14) $25,000.00(625,000.00 $1.00 ------------------------------------------------------------------------------- Class PO-2 $16,264.00.00 (14) $1,000.00(625,000.00 $1.00 ------------------------------------------------------------------------------- Class A-R(15) --------------------------------------------------------------------------------- Class X-B $100.00 6.50% (1516) (16) ------------------------------------------------------------------------------- Class M $25,000.00(612,003,000.00 (17) $1,000.00(6) --------------------------------------------------------------------------------- 25,000.00 $1.00 ------------------------------------------------------------------------------- Class X-C B-1 $5,144,000.00 (17) $25,000.00 $1.00 ------------------------------------------------------------------------------- Class B-2 $3,430,000.00 (17) $25,000.00 $1.00 ------------------------------------------------------------------------------- Class B-3 $3,001,000.00 (17) $100,000.00 $1.00 ------------------------------------------------------------------------------- Class B-4 $2,572,000.00 (17) $100,000.00 $1.00 ------------------------------------------------------------------------------- Class B-5 $1,715,111.00 (17) $100,000.00 $1.00 ------------------------------------------------------------------------------- Class P $100.00(18) 0.00%(18) (18) $25,000.00(6(18) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-J5)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For As provided herein, the Trustee will make multiple elections to treat segregated pools of assets subject to this Agreement for federal income tax purposes, purposes as the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three following two separate real estate mortgage investment conduits (each each, a "REMIC" or, in "): the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" Subsidiary REMIC and the "Master REMIC," respectively). Each CertificateThe Subsidiary REMIC will consist of all of the assets constituting the Trust Fund, other than the Class A-R CertificateSubsidiary REMIC Regular Interests, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier Certificates and any rights of the Trust Fund in respect of the Additional Collateral. The Subsidiary REMIC will issue uncertificated REMIC regular interests (the "Subsidiary REMIC Regular Interests"). The Subsidiary REMIC Regular Interests will represent the "regular interests" in the Subsidiary REMIC and the R-1 Interest will represent the single Class of "residual interest" in the Subsidiary REMIC. The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will hold as assets consist of the several classes of uncertificated Middle Tier Subsidiary REMIC Interests and will be evidenced by the Certificates, which (other than the Class MTR-A-R Certificates) will constitute the regular interests in the Master REMIC (the "Regular Certificates") and the Class R-2 Interest), which will represent the single Class of "residual interest" in the Master REMIC. The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Certificates will represent the beneficial ownership of each of the Class R-1 and Class R-2 Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The "latest possible maturity date date" for federal income tax purposes of all REMIC regular and residual interests created herein shall hereunder will be the Latest Possible Maturity Date. The following table sets forth characteristics Subsidiary REMIC The Subsidiary REMIC Interests, each of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each for the Class of Certificates may be issued R-1 Interests) is hereby designated as a REMIC regular interest for federal income tax purposes, will have the principal balances, pass-through rates and Corresponding Loan Groups as set forth in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------following table:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2005-7)
PRELIMINARY STATEMENT. The Depositor is the owner of [TO BE UPDATED BY TAX COUNSEL] As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor ContractsYield Maintenance Account, the Corridor Contract Reserve Fund Yield Maintenance Agreement and the Reserve FundSupplemental Interest Trust) will consist of three be treated for federal income tax purposes as comprising six real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Subsidiary REMIC 3,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1, Subsidiary REMIC 2, and Subsidiary REMIC 3 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1, Subsidiary REMIC 2, and Subsidiary REMIC 3, other than the Class LTRLT1-AR, Class LT2-R, and LT3-R Interest). The Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Groups I,IV,V,VI, and IX, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Groups II and each Lower Tier III and all collections and accounts related thereto. Subsidiary REMIC Interest (other than 3 shall hold as its assets the Class LTR-A-R Interest) is hereby designated as a regular interest Mortgage Loans in the Lower Tier REMIC Loan Groups VII and VIII and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp I (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.250% N/A LT1-A-2 $100,849,000.00 I-X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(2) D-A-3 $40,341,000.00 X LT1-I-PO (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) A-P LT1-Grp IV (5) $25,000.00(66.000% N/A LT1-IV-X (6) $1,000.00(6(6) --------------------------------------------------------------------------------- Class 1D-A-5 $3,662,000.00 X LT1-IV-PO (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) A-P LT1-Grp V (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 15.500% N/A LT1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1V-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 X (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5(10) D-A-2 X LT1-Grp VI (11) 5.500% N/A LT1-VI-X (12) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5A-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5X LT1-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6VI-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A PO (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XA-B P LT1-Grp IX (15) 5.500% N/A LT1-IX-X (16) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XA-C X LT1-IX-PO (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class XA-D P LT1-R (19) (2019) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-N/A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-8)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contracts, assets held in the Corridor Contract Reserve Fund and the Basis Risk Reserve Fund) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier Subsidiary REMIC 1, the Subsidiary REMIC 2, the Middle REMIC," the "Middle Tier REMIC" , and the "Master REMIC," respectively"). Each Certificate, other than the Class A-R AR Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of Group II Certificates, other than the Class II-A-IO and Class II-X Certificates, represents the right to receive payments with respect to Basis Risk Shortfalls from the Basis Risk Reserve Fund pursuant to Section 4.07 of this Agreement. The Class AII-R X Certificates also evidence ownership of the assets held from time to time in the Basis Risk Reserve Fund. The Class AR Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMICSubsidiary REMIC 1, the Subsidiary REMIC 2, the Middle Tier REMIC REMIC, and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier REMIC Interests (in the Middle REMIC, other than the Class MTR-AMT-R Interest). The , and each such Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each for purposes of the REMIC Provisions. The Middle REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in each of the Subsidiary REMICs, other than the Class LTR-ALT1-R Interest) and LT2-R Interests, and each such Lower Tier Interest is hereby designated as a regular interest in its respective Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets Group I Mortgage Loans and the Lower Tier Group III Mortgage Loans and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Group II Mortgage Loans and all collections and accounts related thereto, other than the Basis Risk Reserve Fund. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datemonth following month in which the Mortgage Loan having the latest maturity date matures. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each class of the Master Subsidiary REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each 1 Lower Tier Interests. Subsidiary REMIC 1 Lower Tier Class Designation Subsidiary REMIC 1 Lower Tier Interest Rate Initial Class Principal Amount Corresponding Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in IA1 6.50% $ 33,149,000 Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1I-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-IA2 6.50% $ 5,000,000 Class I-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-IA3 6.50% $ 2,615,000 Class I-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-IA4 6.50% $ 21,480,760 Class I-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1LT1-IA5 6.50% $ 5,000,000 Class I-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-IA6 6.50% $ 3,000,000 Class I-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1LT1-IA7 6.50% $ 3,000,000 Class I-A-7 $10,602,000.00 5.50Class LT1-IA8 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 3,385,500 Class 1I-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2LT1-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 IA9 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 15,000,000 Class 4I-A-1 $43,246,000.00 6.00A-9 Class LT1-IA10 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,200,000 Class 5I-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------A-10
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, and the Reserve FundInterest Rate Cap Account, and exclusive of the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Pooling REMIC," , the "Middle Tier Subsidiary REMIC" , the Intermediate REMIC, and the "Master REMIC," respectively”). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class X Certificate also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund, the Interest Rate Cap Account, the Interest Rate Cap Agreement and rights to receive certain payments from the holder of the Class R Certificate as described in Section 8.11 of this Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC, the Intermediate REMIC, and the Master REMIC for purposes of the REMIC Provisions. The Class AR-R II Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master Pooling REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Intermediate REMIC, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Intermediate REMIC and each for purposes of the REMIC Provisions. The Intermediate REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interests in the Pooling REMIC. The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC, the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, the Interest Rate Cap Account, the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datefourth month following month in which the Mortgage Loan having the latest maturity date matures. The Pooling REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial class principal amount for each class of the Master Pooling REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Pooling REMIC Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Pooling REMIC Lower Tier Interest Rate Initial Class PassPrincipal Amount Class LTP-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A (1) $25,000.00 110,000,025.00 Class LTP-F1 2.16% $ 20,000,000.00 Class LTP-V1 (2) $ 20,000,000.00 Class LTP-F2 2.16% $ 15,000,000.00 Class LTP-V2 (2) $ 15,000,000.00 Class LTP-F3 2.16% $ 15,000,000.00 Class LTP-V3 (2) $ 15,000,000.00 Class LTP-F4 2.16% $ 20,000,000.00 Class LTP-V4 (2) $ 20,000,000.00 Class LTP-F5 2.16% $ 20,000,000.00 Class LTP-V5 (2) $ 20,000,000.00 Class LTP-F6 2.16% $ 15,000,000.00 Class LTP-V6 (2) $ 15,000,000.00 Class LTP-F7 2.16% $ 20,000,000.00 Class LTP-V7 (2) $ 20,000,000.00 Class LTP-F8 2.16% $ 15,000,000.00 Class LTP-V8 (2) $ 15,000,000.00 Class LTP-F9 2.16% $ 15,000,000.00 Class LTP-V9 (2) $ 15,000,000.00 Class LTP-F10 2.160% $ 15,000,000.00 Class LTP-V10 (2) $ 15,000,000.00 Class LTP-F11 2.16% $ 10,000,000.00 Class LTP-V11 (2) $ 10,000,000.00 Class LTP-F12 2.16% $ 15,000,000.00 Class LTP-V12 (2) $ 15,000,000.00 Class LTP-F13 2.16% $ 15,000,000.00 Class LTP-V13 (2) $ 15,000,000.00 Class LTP-F14 2.16% $ 10,000,000.00 Class LTP-V14 (2) $ 10,000,000.00 Class LTP-F15 2.16% $ 10,000,000.00 Class LTP-V15 (2) $ 10,000,000.00 Class LTP-F16 2.16% $ 15,000,000.00 Class LTP-V16 (2) $ 15,000,000.00 Class LTP-F17 2.16% $ 10,000,000.00 Class LTP-V17 (2) $ 10,000,000.00 Class LTP-F18 2.16% $ 10,000,000.00 Class LTP-V18 (2) $ 10,000,000.00 Class LTP-F19 2.16% $ 10,000,000.00 Class LTP-V19 (2) $ 10,000,000.00 Class LTP-F20 2.16% $ 10,000,000.00 Class LTP-V20 (2) $ 10,000,000.00 Class LTP-F21 2.16% $ 10,000,000.00 Class LTP-V21 (2) $ 10,000,000.00 Class LTP-F22 2.16% $1,000.00 --------------------------------------------------------------------------------- 200,000,000.00 Class 1LTP-A-2 $100,849,000.00 V22 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 200,000,000.00 Class 1LTP-A-3 $40,341,000.00 A-IO-S (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- (3) Class 1R-A-4 II (42) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------$ 25.00
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fundexclusive of any Prepayment Penalties) will consist of three be treated for federal income tax purposes as comprising five real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2 and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1 and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and Class LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Group I, Loan Group III, and Loan Group IV, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Group II, Loan Group V, and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC Loan Group VI and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp I (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.250% N/A LT1-A-2 $100,849,000.00 I-X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(2) I-A-3 $40,341,000.00 X LT1-I-PO (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) A-P LT1-Grp III (5) $25,000.00(65.000% N/A LT1-III-X (6) $1,000.00(6(6) --------------------------------------------------------------------------------- Class 1C-A-5 $3,662,000.00 X LT1-III-PO (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(4) A-A-6 P LT1-Grp IV (8) 5.250% N/A LT1-IV-X (9) $25,000.00(6(9) $1,000.00(6) --------------------------------------------------------------------------------- Class 1C-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1X LT1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2IV-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 PO (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5(4) A-A-2 P LT1-R (11) (1211) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-N/A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposesAs provided herein, the Trustee, shall elect that the Trust Fund (other than exclusive of the Corridor Contracts, assets held in the Corridor Contract Basis Risk Reserve Fund and the Reserve FundInterest Rate Cap Account) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier “Subsidiary REMIC," the "Middle Tier REMIC" ” “Intermediate REMIC 1,” “Intermediate REMIC 2” and the "“Master REMIC," respectively”). Each CertificateFor purposes of the REMIC Provisions, each Certificate other than the Class X-2 Certificate and Class R Certificate represents ownership of a regular interest in the Master REMIC. In addition, the LIBOR and Fixed Rate Certificates (other than the Class A-R Certificate, will IO Certificates) represent ownership the right to receive payments pursuant to contractual arrangements as described in Section 5.10(e) of one or more regular interests in the Master REMIC for purposes of the REMIC Provisionsthis Agreement. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier Subsidiary REMIC, the Middle Tier Intermediate REMIC 1, Intermediate REMIC 2 and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier Interests in Intermediate REMIC Interests (2, other than the Class LTR-ALT3-R Interest). The , and each such Lower Tier Interest is hereby designated as a regular interest in Intermediate REMIC will 2 for purposes of the REMIC Provisions. Intermediate REMIC 2 shall hold as its assets all property the several clases of the Trust Fund (other than the Corridor Contractsuncertificated Lower Tier Interests in Intermediate REMIC 1, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-ALT2-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in Intermediate REMIC 1. Intermediate REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in the Subsidiary REMIC, other than the Class LT1-R Interest, and each such Lower Tier Interest is hereby designated as a regular interest in the Middle Tier Subsidiary REMIC. The Subsidiary REMIC and each Lower Tier REMIC Interest (shall hold as its assets the property of the Trust Fund other than the Class LTR-A-R Interest(i) is hereby designated as a regular interest in the Lower Tier Interests in the Subsidiary REMIC and the Intermediate REMIC, (ii) the Interest Rate Cap Account and (iii) the Basis Risk Reserve Fund. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the 36th month following the month of all REMIC regular interests created herein shall be the Latest Possible Maturity Datescheduled maturity of the Mortgage Loan held in the Trust Fund as of the Closing Date having the latest maturity date. The following table sets forth characteristics of the Master Subsidiary REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Subsidiary REMIC Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Subsidiary REMIC Lower Tier Interest Rate Initial Class PassPrincipal Balance Class LT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1Pool-A-1 $75,000,000.00 PO (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-A-3 $40,341,000.00 Pool-P&I 13.335% (3) (4) Class LT1-A-IO-1 13.335% (3) $25,000.00 1,123,359.58 Class LT1-A-IO-2 13.335% (3) $1,000.00 --------------------------------------------------------------------------------- 1,124,859.39 Class 1LT1-A-4 A-IO-3 13.335% (43) $1,123,359.58 Class LT1-A-IO-4 13.335% (3) $1,123,359.58 Class LT1-A-IO-5 13.335% (3) $1,124,859.39 Class LT1-A-IO-6 13.335% (3) $1,123,359.58 Class LT1-A-IO-7 13.335% (3) $1,123,359.58 Class LT1-A-IO-8 13.335% (3) $1,124,859.39 Class LT1-A-IO-9 13.335% (3) $1,123,359.58 Class LT1-A-IO-10 13.335% (3) $1,123,359.58 Class LT1-A-IO-11 13.335% (3) $1,124,859.39 Class LT1-A-IO-12 13.335% (3) $1,123,359.58 Class LT1-A-IO-13 13.335% (3) $1,123,359.58 Class LT1-A-IO-14 13.335% (3) $1,124,859.39 Class LT1-A-IO-15 13.335% (3) $1,123,359.58 Class LT1-A-IO-16 13.335% (3) $1,124,859.39 Class LT1-A-IO-17 13.335% (3) $1,123,359.58 Class LT1-A-IO-18 13.335% (3) $1,123,359.58 Class LT1-A-IO-19 13.335% (3) $1,124,859.39 Class LT1-A-IO-20 13.335% (3) $1,123,359.58 Class LT1-A-IO-21 13.335% (3) $1,123,359.58 Class LT1-A-IO-22 13.335% (3) $1,124,859.39 Class LT1-A-IO-23 13.335% (3) $1,123,359.58 Class LT1-A-IO-24 13.335% (3) $1,123,359.58 Class LT1-A-IO-25 13.335% (3) $1,124,859.39 Class LT1-A-IO-26 13.335% (3) $1,123,359.58 Class LT1-A-IO-27 13.335% (3) $1,123,359.58 Class LT1-A-IO-28 13.335% (3) $1,124,859.39 Class LT1-A-IO-29 13.335% (3) $1,123,359.58 Class LT1-A-IO-30 13.335% (3) $1,123,359.58 Class LT1-P 0.00% $100.00 Class LT1-R (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------___________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposesAs provided herein, the Trustee, shall elect that the Trust Fund (other than exclusive of the Corridor Contracts, assets held in the Corridor Contract Basis Risk Reserve Fund and the Reserve FundInterest Rate Cap Account) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier “Subsidiary REMIC," the "Middle Tier REMIC" ” “Intermediate REMIC 1,” “Intermediate REMIC 2” and the "“Master REMIC," respectively”). Each CertificateFor purposes of the REMIC Provisions, each Certificate other than the Class X-2 Certificate and Class R Certificate represents ownership of a regular interest in the Master REMIC. In addition, the LIBOR and Fixed Rate Certificates (other than the Class A-R Certificate, will IO Certificates) represent ownership the right to receive payments pursuant to contractual arrangements as described in Section 5.10(e) of one or more regular interests in the Master REMIC for purposes of the REMIC Provisionsthis Agreement. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier Subsidiary REMIC, the Middle Tier Intermediate REMIC 1, Intermediate REMIC 2 and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier Interests in Intermediate REMIC Interests (2, other than the Class LTR-ALT3-R Interest). The , and each such Lower Tier Interest is hereby designated as a regular interest in Intermediate REMIC will 2 for purposes of the REMIC Provisions. Intermediate REMIC 2 shall hold as its assets all property the several classes of the Trust Fund (other than the Corridor Contractsuncertificated Lower Tier Interests in Intermediate REMIC 1, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-ALT2-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in Intermediate REMIC 1. Intermediate REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in the Subsidiary REMIC, other than the Class LT1-R Interest, and each such Lower Tier Interest is hereby designated as a regular interest in the Middle Tier Subsidiary REMIC. The Subsidiary REMIC and each Lower Tier REMIC Interest (shall hold as its assets the property of the Trust Fund other than the Class LTR-A-R Interest(i) is hereby designated as a regular interest in the Lower Tier Interests in the Subsidiary REMIC and any Intermediate REMIC, (ii) the Interest Rate Cap Account and (iii) the Basis Risk Reserve Fund. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the 36th month following the month of all REMIC regular interests created herein shall be the Latest Possible Maturity Datescheduled maturity of the Mortgage Loan held in the Trust Fund as of the Closing Date having the latest maturity date. The following table sets forth characteristics of the Master Subsidiary REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Subsidiary REMIC Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Subsidiary REMIC Lower Tier Interest Rate Initial Class PassPrincipal Balance Class LT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1Pool-A-1 $75,000,000.00 PO (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-A-3 $40,341,000.00 Pool-P&I 14.710% (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) Class LT1-A-IO-1 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-2 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-3 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-4 14.710% (3) $ 1,248,130.52 Class LT1-A-IO-5 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-6 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-7 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-8 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-9 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-10 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-11 14.710% (3) $ 1,248,130.52 Class LT1-A-IO-12 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-13 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-14 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-15 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-16 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-17 14.710% (3) $ 1,248,130.52 Class LT1-A-IO-18 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-19 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-20 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-21 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-22 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-23 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-24 14.710% (3) $ 1,248,130.52 Class LT1-A-IO-25 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-26 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-27 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-28 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-29 14.710% (3) $ 1,246,770.90 Class LT1-A-IO-30 14.710% (3) $ 1,246,770.90 Class LT1-P 0.00% $100.00 Class LT1-R (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------___________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corp)
PRELIMINARY STATEMENT. The Depositor is As provided herein, the owner of Trust Administrator shall elect that the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each Certificate, Class of Certificates (other than the Class AAR and Class AR-R CertificateL Certificates, will represent the Exchangeable Certificates and the Exchangeable REMIC Certificates) and each Class of Uncertificated REMIC Interests represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the Class PP Reserve Fund and the several classes of uncertificated Middle Tier Interests in Middle REMIC 2 other than the Class MT2-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (1 other than the Class MTR-AMT1-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in Subsidiary REMIC 1. Subsidiary REMIC 1 shall hold as its assets the Middle Tier REMIC Mortgage Loans and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1A-A-1 $75,000,000.00 IO (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1N/A LT1-A-3 $40,341,000.00 Grp (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) N/A LT1-R (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-N/A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-6)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor ContractsSupplemental Loan Account, the Capitalized Interest Account, the Corridor Contract Reserve Fund Contracts and the Corridor Contract Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTRMT-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTRLT-A-R Interest). Each Middle Tier REMIC Interest (other than the Class MT-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC. The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor ContractsSupplemental Loan Account, the Reserve Fund Capitalized Interest Account, the Corridor Contracts and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTRLT-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 $ 29,294,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 $ 20,000,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) (4) $25,000.00 25,000.00(5) $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 $ 35,631,600.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 A-5 $ 108,074,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class 31-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 A-6 $ 50,400,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class 61-A-1 $36,166,000.00 A-7 $ 2,477,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class 1-A-8 (6) (7) $25,000.00(5) $1,000.00 ------------------------------------------------------------------------------- Class 1-A-1 A-9 $ 150,000,000.00 (8) $36,128,000.00 25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 1-A-10 (9) (10) $25,000.00(5) $1,000.00 ------------------------------------------------------------------------------- Class 1-A-11 $ 4,395,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class X2-A A-1 $ 50,430,000.00 (11) $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 2-A-2 (12) (13) $25,000.00(5) $1,000.00 ------------------------------------------------------------------------------- Class 2-A-3 $ 3,369,800.00 5.75% $1,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 2-A-4 $ 14,148,500.00 5.75% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 2-A-5 $ 47,250,000.00 5.75% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 2-A-6 $ 16,739,000.00 5.00% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 2-A-7 $ 4,531,000.00 5.75% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 2-A-8 $ 35,000,000.00 (14) $25,000.00(6) 25,000.00 $1,000.00(6) --------------------------------------------------------------------------------- 1,000.00 ------------------------------------------------------------------------------- Class X2-B A-9 $ 3,331,500.00 5.75% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 2-A-10 (15) 5.75% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 3-A-1 $ 43,878,000.00 (16) $25,000.00(6) 25,000.00 $1,000.00(6) --------------------------------------------------------------------------------- 1,000.00 ------------------------------------------------------------------------------- Class X3-C A-2 (17) (18) $25,000.00(625,000.00(5) $1,000.00(6) --------------------------------------------------------------------------------- 1,000.00 ------------------------------------------------------------------------------- Class X3-D A-3 $ 32,000,000.00 (19) $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 3-A-4 (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) $25,000.00(5) $1,000.00 ------------------------------------------------------------------------------- Class 3-A-5 $ 44,000,000.00 6.00% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum ------------------------------------------------------------------------------- Class 3-A-6 $ 5,763,600.00 6.00% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 3-A-7 $ 14,000,000.00 6.00% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 4-A-1 $ 42,208,500.00 5.00% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class 4-A-2 $ 42,208,500.00 5.50% $25,000.00 $1,000.00 ------------------------------------------------------------------------------- Class PO $ 768,756.00 (22) $25,000.00(625,000.00 $1,000.00 ------------------------------------------------------------------------------- Class A-R(23) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F $ 100.00 5.50% (2324) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class PO-A $663,597.00 M $ 19,366,500.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class PO-B $261,609.00 B-1 $ 7,999,000.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class PO-C $1,626,788.00 B-2 $ 4,631,000.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class PO-D $169,969.00 B-3 $ 4,631,000.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class B-4 $2,171,000.00 $ 3,368,000.00 (2825) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Class B-5 $1,302,777.74 $ 2,105,054.34 (2825) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------_______________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-28cb)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that three segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of purposes as comprising three real estate mortgage investment conduits REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," , the "Middle Tier REMIC" REMIC and the "Master Upper Tier REMIC," , respectively). Each CertificateClass of Certificates, other than the Class A-P and Class R CertificateCertificates and other than the right of each Class of LIBOR Certificates to receive Basis Risk Carry Forward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, will represent represents ownership of one or more regular interests in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-P Certificates represent beneficial ownership of the Prepayment Charges, which portion of the Trust Fund shall be treated as a grantor trust. The Class R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Class UT-R, Class MT-R and Class LT-R Interests comprise the Class R Certificate. The Startup Day for each REMIC will described herein is the Closing Date. The latest possible maturity date for each regular interest is the date referenced for such regular interest in this preliminary statement. The Upper Tier REMIC shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest)Regular Interests. The Each such Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC. The Class MT-A-1, Class MT-A-2, Class MT-M-1, Class MT-M-2, Class MT-M-3, Class MT-B-1, Class MT-B-2, Class MT-B-3, and Class MT-B-4 Interests are hereby designated the MT Accretion Directed Classes. The Middle Tier REMIC and each shall hold as assets the several classes of uncertificated Lower Tier REMIC Regular Interests. Each such Lower Tier Regular Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The Lower Tier REMIC shall hold as assets all of the assets included in the Trust Fund other than Prepayment Charges, the Excess Reserve Fund Account, the Pre-Funding Accounts, the Pre-Funding Reserve Account, the Capitalized Interest Account and the Interest Rate Cap Agreements. The Lower Tier Regular Interests and the Class LT-R Interest shall have the following tier interest rate, initial tier principal amount and latest possible maturity date of all REMIC regular interests created herein shall be as set forth in the Latest Possible Maturity Datetable below. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each LOWER TIER CLASS TIER INTEREST INITIAL TIER PRINCIPAL DESIGNATION RATE AMOUNT LATEST POSSIBLE MATURITY DATE -------------------- ---------------- ------------------------- --------------------------------- Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 C (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- November 25, 2034 Class 1LT-A-3 $40,341,000.00 M1 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) November 25, 2034 Class LT-M2 (5) $25,000.00(6(6) $1,000.00(6) --------------------------------------------------------------------------------- November 25, 2034 Class 1LT-A-5 $3,662,000.00 N (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) November 25, 2034 Class LT-PO (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- November 25, 2034 Class 5LT-A-2 M3 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- November 25, 2034 Class 5LT-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A M4 (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- November 25, 2034 Class XLT-B R (15) (1615) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (November 25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------, 2034
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fundexclusive of any Prepayment Penalties) will consist of three be treated for federal income tax purposes as comprising six real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC," the "“Subsidiary REMIC 1”, “Subsidiary REMIC 2”, “Subsidiary REMIC 3”, “Middle Tier REMIC" REMIC 1”, “Middle REMIC 2” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class A-R CertificateAR Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in each of the Lower Tier REMICSubsidiary REMIC 1, the Subsidiary REMIC 2, Subsidiary REMIC 3, Middle Tier REMIC 1, Middle REMIC 2 and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. In addition, the Master REMIC shall hold each Special Retail Rounding Account. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in each of the Subsidiary REMICs, other than the Class LTRLT1-AR, Class LT2-R Interest). The and Class LT3-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in its respective Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Group I Mortgage Loans and the Group II Mortgage Loans and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Group V Mortgage Loans and each Lower Tier the Group VI Mortgage Loans and all collections and accounts related thereto. Subsidiary REMIC Interest (other than 3 shall hold as its asset the Class LTR-A-R Interest) is hereby designated as a regular interest in Group III Mortgage Loans, the Lower Tier REMIC Group IV Mortgage Loans, the Group VII Mortgage Loans and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Corresponding Subsidiary Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of 1 Initial REMIC Interest Principal Balance Interest Rate Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annumGrp I $678,494,922.88 5.50% N/A(5) Denomination Minimum --------------------------------------------------------------------------------- Class 1LT1-A-1 $75,000,000.00 AX-I (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class (1) I-A-2 $100,849,000.00 X LT1-I-PO $ 1,911,906.00 (2) I-P LT1-Grp II $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1194,096,665.12 5.00% N/A LT1-A-3 $40,341,000.00 II-PO $ 402,171.29 (2) AP LT1-II-X (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(3) II-A-4 X LT1-R (4) (54) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-N/A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass THR Certs Ser 2003-17)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund Trustee shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, six segregated asset pools within the Trust Fund (other than exclusive of (i) the Corridor Contracts, the Corridor Contract Excess Reserve Fund Account, (ii) the Pre-Funding Account, (iii) the Capitalized Interest Account and (iv) the Reserve Fundright of the Group II Principal Certificates to receive Basis Risk Carry Forward Amounts) will consist of three real estate mortgage investment conduits be treated for federal income tax purposes as comprising six REMICs (each each, with respect to Group I, a "Group I Trust REMIC" or, in the alternative, the "Group I Pooling Tier REMIC, the Group I Lower Tier REMIC," REMIC and the "Middle Group I Upper Tier REMIC, respectively, and with respect to Group II, a "Group II Trust REMIC" or, in the alternative, the Group II REMIC PF, the Group II Lower Tier REMIC and the "Master Group II Upper Tier REMIC," , respectively). The Startup Day for each Trust REMIC is the Closing Date. The latest possible maturity date for each regular interest is the latest date referenced in Section 2.04. Each Certificate, Class of Group I Certificates (other than the Class AI-R Certificate, will represent Certificates) represents ownership of one or more a regular interests interest in the Master Group I Upper Tier REMIC for purposes of the REMIC Provisions. The Class AI-R Certificate represents Certificates represent ownership of the sole class Class of residual interest in each of the Lower Group I Pooling Tier REMIC, the Middle Group I Lower Tier REMIC and the Master Group I Upper Tier REMIC. The Master REMIC will hold as assets Class II-CE Interest, the several classes Class II-UT-PFIO Interest and each Class of uncertificated Middle Tier REMIC Interests Group II Principal Certificates (other than the right of each Class MTR-Aof Group II Principal Certificates to receive Basis Risk Carry Forward Amounts), represents ownership of a regular interest in the Group II Upper Tier REMIC for purposes of the REMIC Provisions. The Class II-R Interest)Certificates represent ownership of the sole Class of residual interest in each of the Group II REMIC PF, the Group II Lower Tier REMIC and the Group II Upper Tier REMIC. GROUP I Pooling Tier REMIC The Middle Group I Pooling Tier REMIC will hold as assets the several classes of uncertificated Lower Group I Mortgage Loans. The Class PT-I-1B, Class PT-I-1Q, Class PT-I-2B, Class PT-I-2Q, Class PT-I-3B and Class PT-I-3Q Interests will evidence "regular interests" in the Group I Pooling Tier REMIC Interests (other than the created hereunder. The Class LTRPT-AI-R Interest). The Lower Tier REMIC Interest will hold as assets all property constitute the sole Class of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest "residual interests" in the Middle Group I Pooling Tier REMIC and each Lower Tier REMIC Interest (other than will be evidenced by the Class LTR-AI-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity DateCertificates. The following table sets forth characteristics the Original Group I Pooling Tier Principal Amounts and per annum rates of interest for the Master Group I Pooling Tier REMIC Certificates, together with Regular Interests and the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassPT-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1I-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------R Interest:
Appears in 1 contract
Samples: Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (Fund, other than the Corridor ContractsSupplemental Loan Account and Capitalized Interest Account, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC," and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC REMIC, and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTRLT-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (except for the Supplemental Loan Account and Capitalized Interest Account). Each Lower Tier REMIC Interest (other than the Corridor Contracts, Class LT-A-R Interest) is hereby designated as a regular interest in the Reserve Fund and the Corridor Contract Reserve Fund)Lower Tier REMIC. Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum in Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 111,500,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $17,004,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $19,910,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 $16,180,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-5 $240,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 $19,790,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 A-7 (2) (3) $25,000.00 25,000.00(4) $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 A-8 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.5035,622,000.00 5.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 A-9 $26,686,000.00 5.5029,744,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-10 $31,650,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-11 $9,019,000.00 6.25% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-12 (5) 6.50% $25,000.00(4) $1,000.00 --------------------------------------------------------------------------------- Class 1-A-13 $33,000,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-14 $500,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-X (6) (7) $25,000.00(4) $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $69,867,000.00 5.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-2 $16,000,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-3 $20,911,000.00 6.25% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 A-4 $76,616,000.00 5.5025,000,000.00 6.25% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-5 $7,850,000.00 6.25% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-6 $2,500,000.00 6.25% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-7 $2,245,000.00 6.25% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-8 $5,000,000.00 (8) $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-9 $5,000,000.00 (9) $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-10 $25,000,000.00 4.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-11 $500,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ================================================================================= Integral Initial Class Pass-Through Multiples Class Certificate Rate Minimum in Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 2-A-12 $650,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-13 (10) 6.25% $25,000.00(4) $1,000.00 --------------------------------------------------------------------------------- Class 2-A-14 $20,000,000.00 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50148,163,000.00 5.75% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 PO $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 2,847,852.00 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26R(12) $100.00 5.506.50% (2713) (2713) --------------------------------------------------------------------------------- Class M $15,632,500.00 9,027,800.00 (2814) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 3,473,000.00 (2814) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 2,778,000.00 (2814) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 1,042,000.00 (2814) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 1,042,000.00 (2814) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 1,388,938.70 (2814) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------=
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, the Swap Agreement, the Supplemental Interest Trust, the Supplemental Interest Trust Account and the Reserve Fund) will consist of Collateral Account be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Pooling REMIC," , the "Middle Tier Subsidiary REMIC" , and the "Master REMIC," respectively”). Each Certificate, other than the Class A-IO-S, Class X and Class R CertificateCertificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates (other than the Residual Certificates) represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class A-X Certificate represents ownership of the Class X Interest in the Master REMIC and also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund and the Supplemental Interest Trust. The Class R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master each REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Subsidiary REMIC and each for purposes of the REMIC Provisions. The Subsidiary REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Pooling REMIC, other than the Class LTR-ALTP-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Pooling REMIC. The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC and the Subsidiary REMIC, and the Excluded Trust Property. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Date. The Pooling REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial class principal amount for each class of the Master Pooling REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Pooling REMIC Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Pooling REMIC Lower Tier Interest Rate Initial Class PassPrincipal Amount Class LTP-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 70,700,100.00 Class 1LTP-A-2 $100,849,000.00 F1 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 6,950,000.00 Class 1LTP-A-3 $40,341,000.00 V1 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 6,950,000.00 Class 1LTP-A-4 F2 (2) $ 7,150,000.00 Class LTP-V2 (3) $ 7,150,000.00 Class LTP-F3 (2) $ 7,800,000.00 Class LTP-V3 (3) $ 7,800,000.00 Class LTP-F4 (2) $ 8,450,000.00 Class LTP-V4 (3) $ 8,450,000.00 Class LTP-F5 (2) $ 9,100,000.00 Class LTP-V5 (3) $ 9,100,000.00 Class LTP-F6 (2) $ 9,750,000.00 Class LTP-V6 (3) $ 9,750,000.00 Class LTP-F7 (2) $ 10,300,000.00 Class LTP-V7 (3) $ 10,300,000.00 Class LTP-F8 (2) $ 10,850,000.00 Class LTP-V8 (3) $ 10,850,000.00 Class LTP-F9 (2) $ 11,450,000.00 Class LTP-V9 (3) $ 11,450,000.00 Class LTP-F10 (2) $ 11,850,000.00 Class LTP-V10 (3) $ 11,850,000.00 Class LTP-F11 (2) $ 12,300,000.00 Class LTP-V11 (3) $ 12,300,000.00 Class LTP-F12 (2) $ 12,700,000.00 Class LTP-V12 (3) $ 12,700,000.00 Class LTP-F13 (2) $ 13,150,000.00 Class LTP-V13 (3) $ 13,150,000.00 Class LTP-F14 (2) $ 13,250,000.00 Class LTP-V14 (3) $ 13,250,000.00 Class LTP-F15 (2) $ 13,500,000.00 Class LTP-V15 (3) $ 13,500,000.00 Class LTP-F16 (2) $ 13,150,000.00 Class LTP-V16 (3) $ 13,150,000.00 Class LTP-F17 (2) $ 13,200,000.00 Class LTP-V17 (3) $ 13,200,000.00 Class LTP-F18 (2) $ 12,250,000.00 Class LTP-V18 (3) $ 12,250,000.00 Class LTP-F19 (2) $ 12,400,000.00 Class LTP-V19 (3) $ 12,400,000.00 Class LTP-F20 (2) $ 12,500,000.00 Class LTP-V20 (3) $ 12,500,000.00 Class LTP-F21 (2) $ 18,600,000.00 Class LTP-V21 (3) $ 18,600,000.00 Class LTP-F22 (2) $ 17,200,000.00 Class LTP-V22 (3) $ 17,200,000.00 Class LTP-F23 (2) $ 16,200,000.00 Class LTP-V23 (3) $ 16,200,000.00 Class LTP-F24 (2) $ 15,800,000.00 Class LTP-V24 (3) $ 15,800,000.00 Class LTP-F25 (2) $ 14,150,000.00 Class LTP-V25 (3) $ 14,150,000.00 Class LTP-F26 (2) $ 15,450,000.00 Class LTP-V26 (3) $ 15,450,000.00 Class LTP-F27 (2) $ 10,400,000.00 Class LTP-V27 (3) $ 10,400,000.00 Class LTP-F28 (2) $ 8,300,000.00 Class LTP-V28 (3) $ 8,300,000.00 Class LTP-F29 (2) $ 8,200,000.00 Class LTP-V29 (3) $ 8,200,000.00 Class LTP-F30 (2) $ 18,800,000.00 Class LTP-V30 (3) $ 18,800,000.00 Class LTP-F31 (2) $ 17,200,000.00 Class LTP-V31 (3) $ 17,200,000.00 Class LTP-F32 (2) $ 133,400,000.00 Class LTP-V32 (3) $ 133,400,000.00 Class LTP-F33 (2) $ 2,400,000.00 Class LTP-V33 (3) $ 2,400,000.00 Class LTP-F34 (2) $ 2,400,000.00 Class LTP-V34 (3) $ 2,400,000.00 Class LTP-F35 (2) $ 2,650,000.00 Class LTP-V35 (3) $ 2,650,000.00 Class LTP-F36 (2) $ 2,300,000.00 Class LTP-V36 (3) $ 2,300,000.00 Class LTP-F37 (2) $ 2,100,000.00 Class LTP-V37 (3) $ 2,100,000.00 Class LTP-F38 (2) $ 2,000,000.00 Class LTP-V38 (3) $ 2,000,000.00 Class LTP-F39 (2) $ 1,700,000.00 Class LTP-V39 (3) $ 1,700,000.00 Class LTP-F40 (2) $ 1,550,000.00 Class LTP-V40 (3) $ 1,550,000.00 Class LTP-F41 (2) $ 1,450,000.00 Class LTP-V41 (3) $ 1,450,000.00 Class LTP-F42 (2) $ 1,450,000.00 Class LTP-V42 (3) $ 1,450,000.00 Class LTP-F43 (2) $ 2,550,000.00 Class LTP-V43 (3) $ 2,550,000.00 Class LTP-F44 (2) $ 4,700,000.00 Class LTP-V44 (3) $ 4,700,000.00 Class LTP-F45 (2) $ 1,150,000.00 Class LTP-V45 (3) $ 1,150,000.00 Class LTP-F46 (2) $ 1,150,000.00 Class LTP-V46 (3) $ 1,150,000.00 Class LTP-F47 (2) $ 1,200,000.00 Class LTP-V47 (3) $ 1,200,000.00 Class LTP-F48 (2) $ 1,100,000.00 Class LTP-V48 (3) $ 1,100,000.00 Class LTP-F49 (2) $ 1,100,000.00 Class LTP-V49 (3) $ 1,100,000.00 Class LTP-F50 (2) $ 1,100,000.00 Class LTP-V50 (3) $ 1,100,000.00 Class LTP-F51 (2) $ 1,050,000.00 Class LTP-V51 (3) $ 1,050,000.00 Class LTP-F52 (2) $ 1,000,000.00 Class LTP-V52 (3) $ 1,000,000.00 Class LTP-F53 (2) $ 1,050,000.00 Class LTP-V53 (3) $ 1,050,000.00 Class LTP-F54 (2) $ 1,200,000.00 Class LTP-V54 (3) $ 1,200,000.00 Class LTP-F55 (2) $ 3,450,000.00 Class LTP-V55 (3) $ 3,450,000.00 Class LTP-F56 (2) $ 900,000.00 Class LTP-V56 (3) $ 900,000.00 Class LTP-F57 (2) $ 1,050,000.00 Class LTP-V57 (3) $ 1,050,000.00 Class LTP-F58 (2) $ 5,150,000.00 Class LTP-V58 (3) $ 5,150,000.00 Class LTP-R (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Asset Trust 2007-2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, Contracts and the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund Contracts and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ====================================================================================================================== Integral Initial Class Pass-Through Initial Class Rate Integral Multiples in Class Designation Certificate Rate Minimum Excess of Designation Balance (per annum) Minimum Denomination in Excess of Minimum --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 30,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) (3) $25,000.00 25,000.00(4) $1,000.00 --------------------------------------------------------------------------------- 1,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 1,440,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 1-A-8 A-4 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 3,700,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 31-A-1 A-5 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 20,000,000.00 (5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 51-A-2 A-6 $30,000,000.00 (6) $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-7 (7) (8) $25,000.00(4) $1,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class 1-A-8 $1,700,000.00 (9) $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class 1-A-9 (10) (11) (12$25,000.00(4) $25,000.00(61,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class 1-A-10 $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 22,814,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 61-X (12) (13) $25,000.00(4) $1,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class 2-A-1 $36,166,000.00 66,740,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class 72-X (14) (15) $25,000.00(4) $1,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class 3-A-1 $36,128,000.00 5.5012,029,000.00 5.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class X3-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) X (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) $25,000.00(4) $1,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class PO-1 $449,098.00 (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class PO-B PO-2 $261,609.00 507,018.00 (2518) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class PO-C PO-3 $1,626,788.00 167,206.00 (2518) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class A-R(26R(19) $100.00 5.50% (2720) (2720) --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class M $15,632,500.00 3.357.000.00 (2821) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-1 $6,079,000.00 1,579,900.00 (2821) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-2 $2,606,000.00 987,300.00 (2821) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-3 $2,606,000.00 790,000.00 (2821) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-4 $2,171,000.00 691,100.00 (2821) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class B-5 $1,302,777.74 493,829.21 (2821) $100,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class P $100.00 0.00%(22) $100.00 N/A ====================================================================================================================== ------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-J6)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor Contracts, assets held in the Corridor Contract Reserve Fund Prefunding Account and the Reserve FundCapitalized Interest Account, and exclusive of any amounts payable to the Class ES Certificates) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AES, Class AR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMIC, the each of Middle Tier REMIC 1 and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (1 other than the Class MTR-AMT1-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1 and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and Class LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Group I, Loan Group II, and Loan Group VI, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Group III, Loan Group IV, Loan Group V, and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC Loan Group VII and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp I (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1N/A LT1-A-3 $40,341,000.00 Grp II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) N/A LT1-Grp VI (5) $25,000.00(65.750% N/A LT1-VI-X (6) $1,000.00(6(6) --------------------------------------------------------------------------------- Class 1VI-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1X LT1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1VI-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1X-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 PF (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5(10) VI-A-2 X LT1-VI-X-Subs (11) (1211) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5VI-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5X LT1-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6VI-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO (7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 8) A-R(26P LT1-R $50.00(9) $100.00 5.505.750% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------N/A ________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-3)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For The Trust Fund (excluding the Credit Comeback Excess Account, the Carryover Reserve Fund, the assets held in the Pre-Funding Account and the Trust Fund's rights with respect to payments received under the Corridor Contracts) for federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) purposes will consist of three real estate mortgage investment conduits four REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMICREMIC 1," the "Middle Tier REMICREMIC 2," "REMIC 3" and the "Master REMIC," respectively"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMICREMIC 1, the Middle Tier REMIC 2, REMIC 3 and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC 3 Interests (other than the Class MTR-AR-3-R Interest). The Middle Tier Each REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC 3 Interest (other than the Class MTR-AR-3-R Interest) is hereby designated as a regular interest in REMIC 3. REMIC 3 will hold as assets the Middle Tier several classes of REMIC and each Lower Tier 2 Interests (other than the R-2-R Interest). Each REMIC 2 Interest (other than the Class LTR-AR-2-R Interest) is hereby designated as a regular interest in REMIC 2. REMIC 2 will hold as assets the Lower Tier several classes of REMIC 1 Interests (other than the R-1-R Interest). Each REMIC 1 Interest (other than the R-1-R Interest) is hereby designated as a regular interest in REMIC 1. REMIC 1 will hold as assets all property of the Trust Fund (excluding the Credit Comeback Excess Account, the Carryover Reserve Fund, the assets held in the Pre-Funding Account and the Trust Fund's rights with respect to payments received under the Corridor Contracts). The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The following table sets forth characteristics None of the Master REMIC CertificatesREMICs described herein shall hold any interest in the Swap Trust, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------Swap Contract or Swap Account.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Asset-Backed Certificates Trust 2005-Ab5)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor Contracts, assets held in the Corridor Contract Reserve Fund the Prefunding Account and the Reserve FundCapitalized Interest Account, and exclusive of any Prepayment Penalties) will consist of three be treated for federal income tax purposes as comprising five real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2 and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1 R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1 and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and Class LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Group I and Loan Group II, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Group III and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC Loan Group IV, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp I (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.250% N/A(14) LT1-A-2 $100,849,000.00 Subsequent (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.250% N/A LT1-A-3 $40,341,000.00 I-X (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(3) I-A-4 X LT1-Subseqent-IO-1 (4) (4) I-X LT1-Subseqent-IO-2 (5) $25,000.00(6(5) $1,000.00(6I-X LT1-Subseqent-IO-3 (6) --------------------------------------------------------------------------------- Class 1(6) I-A-5 $3,662,000.00 X LT1-I-PO (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) A-P LT1-Grp II (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 15.000% N/A LT1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1II-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 X (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5(10) II-1 LT1-A-2 II-PO (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5II-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5P LT1-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A R (13) (1413) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-N/A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certificates, Series 2004-3)
PRELIMINARY STATEMENT. The Depositor is the owner Securities Administrator on behalf of the Trust shall elect that three segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising three REMICs (each, the a “Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" ” or, in the alternative, “REMIC 1”, “REMIC 2” and the "Lower “Upper-Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," ”, respectively). Each Certificate, Class of Certificates (other than the Class A-RC and Class R CertificateCertificates), will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents Certificates represent ownership of the sole class of residual interest in the Lower Upper Tier REMIC, and the Middle Class RC Certificates represent ownership of the sole class of residual interest in each of REMIC 1 and REMIC 2 for purposes of the REMIC Provisions. The Startup Day for each REMIC described herein is the Closing Date. The latest possible maturity date for each Certificate is August 25, 2047, which is the Distribution Date following the latest Mortgage Loan maturity date. The Upper-Tier REMIC and the Master REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest)2 Regular Interests, set out below. The Middle Tier REMIC will 2 shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)1 Regular Interests, set out below. The Lower Tier REMIC will 1 shall hold as assets all property the assets described in the definition of the “Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund)” herein. Each Middle Tier REMIC 1 Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier 1. Each REMIC 2 Regular Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC 2. The latest possible maturity date of all REMIC 1 Except as provided below, REMIC 1 will issue a single regular interest corresponding to each Mortgage Loan having a Net Rate less than or equal to 6.00%, and two regular interests created (referred to collectively herein shall be as the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- “Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- A Interests” and the “Class 1-A-2 $100,849,000.00 B Interests”) for each Mortgage Loan having a Net Rate greater than 6.00% and less than 6.50% , and a single regular interest corresponding to each Mortgage Loan having a Net Mortgage Rate greater than or equal to 6.50%. Each REMIC 1 Regular Interest corresponding to a Mortgage Loan having a Net Rate less than or equal to 6.00% will have a Pass Through Rate of 6.00%. Each such Class will have a principal balance, following the allocation of scheduled principal, prepayments of principal and Realized Losses, equal to the product of: (2i) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- the Applicable Fraction for Collateral Group 1 of the related Mortgage Loan and (ii) the related Mortgage Loan’s principal balance. For purposes of calculating the Calculation Rate, each of the foregoing REMIC 1 Regular Interests will be treated as part of Collateral Group 1. Each of the Class 1-A-3 $40,341,000.00 A Interests will have a Pass Through Rate of 6.00% and a principal balance, following the allocation of scheduled principal, prepayments of principal and Realized Losses, equal to the product of: (3i) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- the Applicable Fraction for Collateral Group 1 in respect of the related Mortgage Loan, and (ii) the related Mortgage Loan’s principal balance. For purposes of the calculating the Calculation Rate, each Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- A Interest will be treated as part of Collateral Group 1. Each of the Class 1-A-5 $3,662,000.00 B Interests will have a Pass Through Rate of 6.50% and a principal balance, following the allocation of scheduled principal, prepayments of principal and Realized Losses, equal to the product of: (7i) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- the Applicable Fraction for Collateral Group 2 in respect of the related Mortgage Loan, and (ii) the related Mortgage Loan’s principal balance. For purposes of the calculating the Calculation Rate, each Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B Interest will be treated as part of Collateral Group 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 . Each REMIC 1 Regular Interest corresponding to a Mortgage Loan having a Net Rate greater than 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- will have a Pass Through Rate of 6.50%. Each such Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------will have a principal balance, following the allocation of scheduled principal, prepayments of principal and Realized Losses, equal to the related Mortgage Loan’s principal balance. For purposes of calculating the Calculation Rate, each of the foregoing REMIC 1 Regular Interests will be treated as part of Collateral Group 2.
Appears in 1 contract
Samples: Servicing Agreement (GSAA Home Equity Trust 2007-10)
PRELIMINARY STATEMENT. The Depositor is the owner Trustee shall elect to treat each of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist segregated pools of three assets described below as a real estate mortgage investment conduits conduit (each a "REMIC" or, in the alternative, REMIC 1, and REMIC 2, and REMIC 3, REMIC 3 also being referred to as the "Lower Upper Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R CertificateCertificates, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. In addition, each Certificate, other than the Class R and the Class P Certificates, represents an entitlement to receive payments from the Excess Reserve Fund Account maintained by the Trustee pursuant to Section 3.06(d). The Class A-R Certificate represents ownership of the sole class of residual interest in each of REMIC 1, REMIC 2, and the Lower Tier REMIC, the Middle Upper Tier REMIC and for purposes of the Master REMICREMIC Provisions. Although the Class P Certificate represents an interest in the Trust Fund, it does not represent an interest in any of the REMICs created under this Agreement. The Master Upper Tier REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier Interests in REMIC Interests (2, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier Interest is hereby designated as regular interests in REMIC will 2 for purposes of the REMIC Provisions. REMIC 2 shall hold as its assets all property the several classes of the Trust Fund (other than the Corridor Contractsuncertificated Lower Tier Interests in REMIC 1, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 1. REMIC 1 shall hold as its assets the Middle Tier REMIC and each Lower Tier REMIC Interest (property of the Trust Fund other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier Interests in REMIC 1 and REMIC 2, the Group 1 Pre-Funding Account, the Group 2 Pre-Funding Account, the Group 1 Capitalized Interest Account, the Group 2 Capitalized Interest Account, and the Excess Reserve Fund Account. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificateshereby is March 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------2033.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Indymac Inc Home Eq Mort Loan as-BCK Tr Ser SPMD 2001-A)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits purposes as comprising two REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each Certificate, other than the Class A-P and Class R CertificateCertificates, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 9.01. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. Class LT-A1, Class LT-A2, Class LT-M-1, Class LT-M-2 and Class LT-B-1 are hereby designated the LT Accretion Directed Classes (the "LT Accretion Directed Classes"). The latest possible maturity date Class P Certificate represents beneficial ownership of all REMIC regular interests created herein the Prepayment Penalties, which portion of the Trust Fund shall be the Latest Possible Maturity Datetreated as a grantor trust. The following table sets forth characteristics of the Master CORRESPONDING LOWER TIER LOWER TIER INITIAL LOWER TIER UPPER TIER CLASS DESIGNATION INTEREST RATE PRINCIPAL AMOUNT REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each CLASS ----------------- ------------- ------------------ ------------- Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 initial Corresponding A-1 Upper Tier REMIC initial principal balance Class 1LT-A-2 (1) 1/2 initial Corresponding A-2 Upper Tier REMIC initial principal balance Class LT-M-1 (1) 1/2 initial Corresponding M-1 Upper Tier REMIC initial principal balance Class LT-M-2 (1) 1/2 initial Corresponding M-2 Upper Tier REMIC initial principal balance Class LT-B-1 (1) 1/2 initial Corresponding B-1 Upper Tier REMIC initial principal balance Class LT-Accrual (1) 1/2 Pool Balance plus1/2 Overcollateralized Amount, less $100,849,000.00 2,000 Class LT-Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 880.08 Class 1LT-A-3 $40,341,000.00 Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1,119.92 Class 1LT-A-4 R (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp Mort Pas THR Cert Ser 2002 Nc1)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits purposes as comprising two REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each Certificate, other than the Class A-P and Class R CertificateCertificates, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 9.01. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. Class LT-A1, Class LT-A2, Class LT-M-1, Class LT-M-2 and Class LT-B-1 are hereby designated the LT Accretion Directed Classes. The latest possible maturity date Class P Certificate represents beneficial ownership of all REMIC regular interests created herein the Prepayment Charges, which portion of the Trust Fund shall be the Latest Possible Maturity Datetreated as a grantor trust. The following table sets forth characteristics of the Master CORRESPONDING LOWER TIER LOWER TIER INITIAL LOWER TIER UPPER TIER CLASS DESIGNATION INTEREST RATE PRINCIPAL AMOUNT REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each CLASS ----------------- ------------- ---------------- ----------- Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 initial Corresponding Upper Tier REMIC A-1 initial principal balance Class 1LT-A-2 $100,849,000.00 (1) 1/2 initial Corresponding Upper Tier REMIC A-2 initial principal balance Class LT-M-1 (1) 1/2 initial Corresponding Upper Tier REMIC M-1 initial principal balance Class LT-M-2 (1) 1/2 initial Corresponding Upper Tier REMIC M-2 initial principal balance Class LT-B-1 (1) 1/2 initial Corresponding Upper Tier REMIC B-1 initial principal balance Class LT-Accrual (1) 1/2 Pool Balance plus 1/2Subordinated Amount Class LT-R (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2001-Nc2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, and the Reserve FundInterest Rate Cap Account, and exclusive of the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Pooling REMIC," , the "Middle Tier Subsidiary REMIC" , the Intermediate REMIC, and the "Master REMIC," respectively”). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class A-X Certificate also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund, the Interest Rate Cap Account, the Interest Rate Cap Agreement and rights to receive certain payments from the holder of the Class R Certificate as described in Section 8.11 of this Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier Pooling REMIC, the Middle Tier REMIC Subsidiary REMIC, the Intermediate REMIC, and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Intermediate REMIC, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Intermediate REMIC and each for purposes of the REMIC Provisions. The Intermediate REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interests in the Pooling REMIC, other than the Class LTP-R Interest. The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC, the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, the Interest Rate Cap Account, the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datefourth month following month in which the Mortgage Loan having the latest maturity date matures. The Pooling REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial class principal amount for each class of the Master Pooling REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Pooling REMIC Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Pooling REMIC Lower Tier Interest Rate Initial Class PassPrincipal Amount Class LTP-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 33,000,050.06 Class 1LTP-A-2 $100,849,000.00 F1 2.20% $ 16,500,000.00 Class LTP-V1 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 16,500,000.00 Class 1LTP-A-3 $40,341,000.00 F2 2.230% $ 15,500,000.00 Class LTP-V2 (2) $ 15,500,000.00 Class LTP-F3 2.20% $ 15,000,000.00 Class LTP-V3 (2) $ 15,000,000.00 Class LTP-F4 2.20% $ 14,000,000.00 Class LTP-V4 (2) $ 14,000,000.00 Class LTP-F5 2.20% $ 14,000,000.00 Class LTP-V5 (2) $ 14,000,000.00 Class LTP-F6 2.20% $ 13,000,000.00 Class LTP-V6 (2) $ 13,000,000.00 Class LTP-F7 2.20% $ 12,500,000.00 Class LTP-V7 (2) $ 12,500,000.00 Class LTP-F8 2.20% $ 12,000,000.00 Class LTP-V8 (2) $ 12,000,000.00 Class LTP-F9 2.20% $ 11,500,000.00 Class LTP-V9 (2) $ 11,500,000.00 Class LTP-F10 2.20% $ 11,000,000.00 Class LTP-V10 (2) $ 11,000,000.00 Class LTP-F11 2.20% $ 10,500,000.00 Class LTP-V11 (2) $ 10,500,000.00 Class LTP-F12 2.20% $ 10,000,000.00 Class LTP-V12 (2) $ 10,000,000.00 Class LTP-F13 2.20% $ 10,000,000.00 Class LTP-V13 (2) $ 10,000,000.00 Class LTP-F14 2.20% $ 9,000,000.00 Class LTP-V14 (2) $ 9,000,000.00 Class LTP-F15 2.20% $ 9,000,000.00 Class LTP-V15 (2) $ 9,000,000.00 Class LTP-F16 2.20% $ 8,500,000.00 Class LTP-V16 (2) $ 8,500,000.00 Class LTP-F17 2.20% $ 8,000,000.00 Class LTP-V17 (2) $ 8,000,000.00 Class LTP-F18 2.20% $ 8,000,000.00 Class LTP-V18 (2) $ 8,000,000.00 Class LTP-F19 2.20% $ 7,500,000.00 Class LTP-V19 (2) $ 7,500,000.00 Class LTP-F20 2.20% $ 7,000,000.00 Class LTP-V20 (2) $ 7,000,000.00 Class LTP-F21 2.20% $ 7,000,000.00 Class LTP-V21 (2) $ 7,000,000.00 Class LTP-F22 2.20% $ 6,500,000.00 Class LTP-V22 (2) $ 6,500,000.00 Class LTP-F23 2.20% $ 147,500,000.00 Class LTP-V23 (2) $ 147,500,000.00 Class LTP-A-IO-S (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- (3) Class 1LTP-A-4 R (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CFSB Mor Sec Corp Home Equity Asset Trust 2004-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund Pre-funding Account and the Reserve FundCapitalized Interest Account) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund Pre-funding Account and the Corridor Contract Reserve FundCapitalized Interest Account). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Corridor Contracts and the Assets in the Corridor Contract Reserve Fund will not be part of any REMIC described herein. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ========================================================== ======================== Integral Initial Class ===================== ====================== ====================== Pass-Through Initial Class Rate Integral Multiples in Class Designation Certificate Rate Minimum Excess of Designation Balance (per annum) Minimum Denomination in Excess of Minimum --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-1 $75,000,000.00 46,428,750.00 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-2 $446,987,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-3 $40,341,000.00 (2) (3) $25,000.00 25,000.00(4) $1,000.00 --------------------------------------------------------------------------------- 1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 140,597,250.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-8 A-5 $26,686,000.00 65,349,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 21-A-1 A-6 $76,616,000.00 25,000,000.00 (5) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-7 (6) (7) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-8 $506,249,850.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 31-A-1 A-9 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 8,752,750.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 61-A-1 A-10 $36,166,000.00 216,965,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 71-A-1 A-11 $36,128,000.00 3,820,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class X2-A A-1 $66,900,000.00 (8) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-2 (9) (10) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-3 $1,000,000.00 5.75% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-4 $49,490,425.00 5.75% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-5 $30,100,000.00 5.75% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-6 $50,000,000.00 (11) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-7 $15,000,000.00 (12) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-8 (13) (14) $25,000.00(625,000.00(4) $1,000.00(61,000.00(4) --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class X2-B A-9 $22,640,000.00 5.75% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-10 $132,058,500.00 6.00% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-11 $132,058,500.00 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-12 $11,680,000.00 5.75% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-13 $101,040,900.00 (15) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-14 (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-15 $10,000,000.00 5.75% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-16 $4,500,000.00 5.75% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-17 $1,639,975 5.75% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-X (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-X (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO $2,911,796.00 (22) $25,000.00(625,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-R(23) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F 100.00 5.50% (2324) (24) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class M $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 43,679,900.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-B B-1 $261,609.00 16,379,900.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-C B-2 $1,626,788.00 13,103,900.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-3 $2,606,000.00 7,644,000.00 (2825) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-4 $2,171,000.00 6,552,000.00 (2825) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-5 $1,302,777.74 5,460,008.89 (2825) $100,000.00 $1,000.00 ========================================================== ======================== ===================== ====================== ====================== ------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-6cb)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-A-5, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral grantor trust. Corresponding Lower Tier Lower Tier Initial Lower Tier Upper Tier Class Pass-Through Multiples in Designation Interest Rate Principal Amount REMIC Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- ----------------- ------------- ------------------ ------------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 Corresponding Upper Tier REMIC A-1 Class 1initial Class Certificate Balance Class LT-A-2 $100,849,000.00 (1) 1/2 Corresponding Upper Tier REMIC A-2 Class initial Class Certificate Balance Class LT-A-3 (1) 1/2 Corresponding Upper Tier REMIC A-3 Class initial Class Certificate Balance Class LT-A-4 (1) 1/2 Corresponding Upper Tier REMIC A-4 Class initial Class Certificate Balance Class LT-A-5 (1) 1/2 Corresponding Upper Tier REMIC A-5 Class initial Class Certificate Balance Class LT-M-1 (1) 1/2 Corresponding Upper Tier REMIC M-1 Class initial Class Certificate Balance Class LT-M-2 (1) 1/2 Corresponding Upper Tier REMIC M-2 Class initial Class Certificate Balance Class LT-M-3 (1) 1/2 Corresponding Upper Tier REMIC M-3 Class initial Class Certificate Balance Class LT-B-1 (1) 1/2 Corresponding Upper Tier REMIC B-1 Class initial Class Certificate Balance Class LT-B-2 (1) 1/2 Corresponding Upper Tier REMIC B-2 Class initial Class Certificate Balance Class LT-B-3 (1) 1/2 Corresponding Upper Tier REMIC B-3 Class initial Class Certificate Balance Class LT-Accrual (1) 1/2 Pool Stated Principal Balance plus 1/2 Subordinated Amount, less aggregate initial Lower-Tier Principal Amount of Class LT-Group I and Class LT-Group II Class LT-Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.001% aggregate Stated Principal Balance of Group I Mortgage Loans (4) Class 1LT-A-3 $40,341,000.00 Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 0.001% aggregate Stated Principal Balance of Group II Mortgage Loans (4) Class LT-R (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Nc6)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, Contracts and the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund Contracts and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ====================================================================================================================== Integral Initial Class Pass-Through Initial Class Rate Integral Multiples in Class Designation Certificate Rate Minimum Excess of Designation Balance (per annum) Minimum Denomination in Excess of Minimum --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-1 $75,000,000.00 150,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-2 $100,849,000.00 (2) (3) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-3 $3,000,000.00 (5) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-4 (46) (57) $25,000.00(625,000.00(4) $1,000.00(61,000.00(4) --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5,944,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-1 $76,616,000.00 5.50% 24,925,000.00 (8) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 32-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 A-2 (9) (10) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-3 $1,325,000.00 (11) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 52-A-2 (11) A-4 (12) $25,000.00(6(13) $1,000.00(625,000.00(4) --------------------------------------------------------------------------------- $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 52-A-3 A-5 $3,891,000.00 1,931,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 52-A-4 A-6 $13,315,000.00 5.50% 62,697,000.00 (14) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 62-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B A-7 (15) (16) $25,000.00(625,000.00(4) $1,000.00(61,000.00(4) --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class X2-C A-8 $62,697,000.00 (17) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-9 (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-10 $1,496,000.00 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-11 $10,000,000.00 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-12 $500,000.00 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-13 $23,203,000.00 5.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-14 $30,000,000.00 (20) $25,000.00(6) 25,000.00 $1,000.00(6) --------------------------------------------------------------------------------- 1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 3-A-1 $104,614,000.00 6.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class X-E A (21) (22) $25,000.00(625,000.00(4) $1,000.00(61,000.00(4) --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class X-F B (23) (24) $25,000.00(625,000.00(4) $1,000.00(61,000.00(4) --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-A $663,597.00 645,761.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-B $261,609.00 929,607.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class M M-A $15,632,500.00 3,556,100.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-1 M $6,079,000.00 9,394,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-2 B-1 $2,606,000.00 3,808,400.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-2 $2,285,000.00 (28) $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-3 $2,606,000.00 2,031,200.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-4 $2,171,000.00 1,523,400.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-5 $1,302,777.74 1,269,497.15 (28) $100,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class P $100.00 0.00%(29) $100.00 N/A ====================================================================================================================== ------------------------------------------__________________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor ContractsPre-funding Account, the Capitalized Interest Account, the Corridor Contract Reserve Fund Contracts and the Corridor Contract Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor ContractsPre-funding Account, the Reserve Fund Capitalized Interest Account, the Corridor Contracts and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ========================================================== ======================== Integral Initial Class ===================== ====================== ====================== Pass-Through Integral Multiples Initial Class Rate in Class Certificate Rate Minimum Excess of Class Designation Certificate Balance (per annum) Minimum Denomination Minimum --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-1 $75,000,000.00 28,500,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-2 $100,849,000.00 (2) (3) $25,000.00(4) $1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-3 $10,000,000.00 6.25% $1,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-4 $15,000,000.00 6.00% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-5 $416,667.00 (5) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-3 A-6 $40,341,000.00 42,755,000.00 6.00% $1,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-7 $30,000,000.00 (36) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-4 (4) (5) A-8 $25,000.00(6) 2,245,000.00 6.00% $1,000.00(6) --------------------------------------------------------------------------------- 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-5 A-9 $3,662,000.00 73,180,878.00 6.00% $1,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-10 $50,000,000.00 6.00% $1,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-11 $40,000,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-6 A-12 $4,444,355.00 6.00% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-13 $5,000,000.00 6.00% $1,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-14 $33,953,000.00 6.00% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-15 $1,613,000.00 6.00% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-16 $57,279,000.00 6.00% $1,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-17 $2,721,000.00 6.00% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-A-18 $1,000,000.00 6.00% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-1 $65,335,000.00 6.50% $1,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-2 $131,000.00 6.50% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 3-A-1 $62,110,000.00 5.25% $1,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 3-A-2 $125,000.00 5.25% $25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 1-X (8) (9) $25,000.00(625,000.00(4) $1,000.00(61,000.00(4) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-1 X (10) (11) $76,616,000.00 5.50% 25,000.00(4) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 3-A-1 X (12) (13) $257,750,000.00 6.50% 25,000.00(4) $25,000.00 1,000.00(4) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 322,958.00 (1014) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 5A-A-2 (11) (12R(10) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50100.00 6.00% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (15) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class M $13,050,000.00 (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-B B-1 $261,609.00 5,552,000.00 (2516) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO-C B-2 $1,626,788.00 3,331,000.00 (2516) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-3 $2,606,000.00 3,054,000.00 (2816) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-4 $2,171,000.00 2,498,000.00 (2816) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-5 $1,302,777.74 1,668,620.34 (2816) $100,000.00 $1,000.00 ========================================================== ======================== ===================== ====================== ====================== ------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-7cb)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, the Swap Agreement, the Supplemental Interest Trust, the Supplemental Interest Trust Account, the Collateral Account and exclusive of any entitlement to Excess Servicing Fees (collectively, the Reserve Fund“Excluded Trust Property”)) will consist of be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Pooling REMIC," , the "Middle Tier Subsidiary REMIC" , and the "Master REMIC," respectively”). Each Certificate, other than the Class A-IO-S, Class X and Class R CertificateCertificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates (other than the Residual Certificates) represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class A-X Certificate represents ownership of the Class X Interest in the Master REMIC and also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund and the Supplemental Interest Trust. The Class R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master each REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Subsidiary REMIC and each for purposes of the REMIC Provisions. The Subsidiary REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Pooling REMIC, other than the Class LTR-ALTP-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Pooling REMIC. The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC and the Subsidiary REMIC, and the Excluded Trust Property. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Date. The Pooling REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial class principal amount for each class of the Master Pooling REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Pooling REMIC Lower Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Pooling REMIC Lower Tier Interest Rate Initial Class PassPrincipal Amount Class LTP-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 41,300,100.00 Class 1LTP-A-2 $100,849,000.00 F1 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 5,600,000.00 Class 1LTP-A-3 $40,341,000.00 V1 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 5,600,000.00 Class 1LTP-A-4 F2 (2) $ 6,300,000.00 Class LTP-V2 (3) $ 6,300,000.00 Class LTP-F3 (2) $ 6,650,000.00 Class LTP-V3 (3) $ 6,650,000.00 Class LTP-F4 (2) $ 7,300,000.00 Class LTP-V4 (3) $ 7,300,000.00 Class LTP-F5 (2) $ 7,750,000.00 Class LTP-V5 (3) $ 7,750,000.00 Class LTP-F6 (2) $ 8,300,000.00 Class LTP-V6 (3) $ 8,300,000.00 Class LTP-F7 (2) $ 8,800,000.00 Class LTP-V7 (3) $ 8,800,000.00 Class LTP-F8 (2) $ 9,200,000.00 Class LTP-V8 (3) $ 9,200,000.00 Class LTP-F9 (2) $ 9,600,000.00 Class LTP-V9 (3) $ 9,600,000.00 Class LTP-F10 (2) $ 10,000,000.00 Class LTP-V10 (3) $ 10,000,000.00 Class LTP-F11 (2) $ 10,650,000.00 Class LTP-V11 (3) $ 10,650,000.00 Class LTP-F12 (2) $ 10,550,000.00 Class LTP-V12 (3) $ 10,550,000.00 Class LTP-F13 (2) $ 10,800,000.00 Class LTP-V13 (3) $ 10,800,000.00 Class LTP-F14 (2) $ 10,900,000.00 Class LTP-V14 (3) $ 10,900,000.00 Class LTP-F15 (2) $ 11,200,000.00 Class LTP-V15 (3) $ 11,200,000.00 Class LTP-F16 (2) $ 10,700,000.00 Class LTP-V16 (3) $ 10,700,000.00 Class LTP-F17 (2) $ 11,900,000.00 Class LTP-V17 (3) $ 11,900,000.00 Class LTP-F18 (2) $ 11,200,000.00 Class LTP-V18 (3) $ 11,200,000.00 Class LTP-F19 (2) $ 10,850,000.00 Class LTP-V19 (3) $ 10,850,000.00 Class LTP-F20 (2) $ 11,300,000.00 Class LTP-V20 (3) $ 11,300,000.00 Class LTP-F21 (2) $ 13,550,000.00 Class LTP-V21 (3) $ 13,550,000.00 Class LTP-F22 (2) $ 13,450,000.00 Class LTP-V22 (3) $ 13,450,000.00 Class LTP-F23 (2) $ 12,200,000.00 Class LTP-V23 (3) $ 12,200,000.00 Class LTP-F24 (2) $ 11,150,000.00 Class LTP-V24 (3) $ 11,150,000.00 Class LTP-F25 (2) $ 10,350,000.00 Class LTP-V25 (3) $ 10,350,000.00 Class LTP-F26 (2) $ 22,150,000.00 Class LTP-V26 (3) $ 22,150,000.00 Class LTP-F27 (2) $ 10,450,000.00 Class LTP-V27 (3) $ 10,450,000.00 Class LTP-F28 (2) $ 6,650,000.00 Class LTP-V28 (3) $ 6,650,000.00 Class LTP-F29 (2) $ 27,100,000.00 Class LTP-V29 (3) $ 27,100,000.00 Class LTP-F30 (2) $ 10,650,000.00 Class LTP-V30 (3) $ 10,650,000.00 Class LTP-F31 (2) $ 17,150,000.00 Class LTP-V31 (3) $ 17,150,000.00 Class LTP-F32 (2) $ 60,250,000.00 Class LTP-V32 (3) $ 60,250,000.00 Class LTP-F33 (2) $ 3,500,000.00 Class LTP-V33 (3) $ 3,500,000.00 Class LTP-F34 (2) $ 3,400,000.00 Class LTP-V34 (3) $ 3,400,000.00 Class LTP-F35 (2) $ 3,200,000.00 Class LTP-V35 (3) $ 3,200,000.00 Class LTP-F36 (2) $ 3,350,000.00 Class LTP-V36 (3) $ 3,350,000.00 Class LTP-F37 (2) $ 2,800,000.00 Class LTP-V37 (3) $ 2,800,000.00 Class LTP-F38 (2) $ 16,550,000.00 Class LTP-V38 (3) $ 16,550,000.00 Class LTP-F39 (2) $ 2,450,000.00 Class LTP-V39 (3) $ 2,450,000.00 Class LTP-F40 (2) $ 1,600,000.00 Class LTP-V40 (3) $ 1,600,000.00 Class LTP-F41 (2) $ 5,950,000.00 Class LTP-V41 (3) $ 5,950,000.00 Class LTP-F42 (2) $ 1,350,000.00 Class LTP-V42 (3) $ 1,350,000.00 Class LTP-F43 (2) $ 3,700,000.00 Class LTP-V43 (3) $ 3,700,000.00 Class LTP-F44 (2) $ 3,500,000.00 Class LTP-V44 (3) $ 3,500,000.00 Class LTP-F45 (2) $ 900,000.00 Class LTP-V45 (3) $ 900,000.00 Class LTP-F46 (2) $ 850,000.00 Class LTP-V46 (3) $ 850,000.00 Class LTP-F47 (2) $ 900,000.00 Class LTP-V47 (3) $ 900,000.00 Class LTP-F48 (2) $ 800,000.00 Class LTP-V48 (3) $ 800,000.00 Class LTP-F49 (2) $ 800,000.00 Class LTP-V49 (3) $ 800,000.00 Class LTP-F50 (2) $ 800,000.00 Class LTP-V50 (3) $ 800,000.00 Class LTP-F51 (2) $ 800,000.00 Class LTP-V51 (3) $ 800,000.00 Class LTP-F52 (2) $ 750,000.00 Class LTP-V52 (3) $ 750,000.00 Class LTP-F53 (2) $ 1,000,000.00 Class LTP-V53 (3) $ 1,000,000.00 Class LTP-F54 (2) $ 800,000.00 Class LTP-V54 (3) $ 800,000.00 Class LTP-F55 (2) $ 750,000.00 Class LTP-V55 (3) $ 750,000.00 Class LTP-F56 (2) $ 1,800,000.00 Class LTP-V56 (3) $ 1,800,000.00 Class LTP-F57 (2) $ 1,100,000.00 Class LTP-V57 (3) $ 1,100,000.00 Class LTP-F58 (2) $ 11,300,000.00 Class LTP-V58 (3) $ 11,300,000.00 Class LTP-R (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Asset Trust 2007-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, and the Reserve FundInterest Rate Cap Account, and exclusive of the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Pooling REMIC," , the "Middle Tier Subsidiary REMIC" , the Intermediate REMIC, and the "Master REMIC," respectively”). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class A-X Certificate also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund, the Interest Rate Cap Account, the Interest Rate Cap Agreement and rights to receive certain payments from the holder of the Class R Certificate as described in Section 8.11 of this Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier Pooling REMIC, the Middle Tier REMIC Subsidiary REMIC, the Intermediate REMIC, and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Intermediate REMIC, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Intermediate REMIC and each for purposes of the REMIC Provisions. The Intermediate REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interests in the Pooling REMIC, other than the Class LTP-R Interest. The Pooling REMIC shall hold as assets the property of the Trust Fund other than the Lower Tier Interests in the Pooling REMIC, the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, the Interest Rate Cap Account, the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datefourth month following month in which the Mortgage Loan having the latest maturity date matures. The Pooling REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial class principal amount for each class of the Master Pooling REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------Lower Tier Interests. Pooling REMIC
Appears in 1 contract
Samples: Pooling and Servicing Agreement
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, and the Reserve FundInterest Rate Cap Account, and exclusive of the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums) will consist of be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Subsidiary REMIC," , the "Middle Tier Intermediate REMIC" , and the "Master REMIC," respectively”). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class A-X Certificates also evidence ownership of the assets held from time to time in the Basis Risk Reserve Fund and the Interest Rate Cap Account, the Interest Rate Cap Agreement, and rights to receive certain payments from the holder of the Class R Certificate as described in Section 8.11 of this Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier Subsidiary REMIC, the Middle Tier REMIC Intermediate REMIC, and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Intermediate REMIC, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Intermediate REMIC and each for purposes of the REMIC Provisions. The Intermediate REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, the Interest Rate Cap Account, the Interest Rate Cap Agreement, and any entitlement to Prepayment Premiums. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datemonth following month in which the Mortgage Loan having the latest maturity date matures. The Subsidiary REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each class of the Master Subsidiary REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Subsidiary REMIC Lower Tier Class Designation Subsidiary REMIC Lower Tier Interest Rate Initial Class Principal Balance Corresponding Class of Intermediate REMIC Interests or Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A-1A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 159,125,000.00 Class LT2-A-1A Class LT1-A-1B (1) $ 78,375,000.00 Class LT2-A-2 $100,849,000.00 A-1B Class LT1-A-2A (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 119,343,750.00 Class 1LT2-A-3 $40,341,000.00 A-2A Class LT1-A-2B (2) $ 58,781,250.00 Class LT2-A-2B Class LT1-A-3A (2) $ 70,350,016.75 Class LT2-A-3A Class LT1-A-3B (2) $ 34,650,008.25 Class LT2-A-3B Class LT1-M1 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 35,250,000.00 Class 1LT2-A-4 M-1A Class LT1-M2 (3) $ 29,000,000.00 Class LT2-M-2B Class LT1-B1 (3) $ 20,875,000.00 Class LT2-B-1A Class LT1-B2 (3) $ 6,750,000.00 Class LT2-B-2 B Class LT1-Q (4) $ 612,500,025.00 N/A Class LT1-R (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------R
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Pass Through Certificates Series 2002-4)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Lower-Tier REMIC and the Upper-Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," , respectively). Each Certificate, The Class X Certificates and each Class of Offered Certificates (other than the right of each Class A-R Certificateof Offered Certificates to receive Basis Risk Carry Forward Amounts and the right of the Class X Certificates to receive payments from the Cap Agreement), will represent represents ownership of one or more a regular interests interest in the Master Upper-Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Lower-Tier REMIC and the Master REMICUpper-Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will described herein is the Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.04. The Upper-Tier REMIC shall hold as assets the several classes of uncertificated Middle Lower-Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor ContractsRegular Interests, the Reserve Fund and the Corridor Contract Reserve Fund)set out below. Each Middle such Lower-Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Lower-Tier REMIC REMIC. The Class LT-A-1, Class LT-A-2, Class LT-M-1, Class LT-M-2 and each Lower Tier REMIC Interest (other than the Class LTRLT-A-R Interest) is M-3 Interests are hereby designated as the LT-Accretion Directed Classes (the "LT-Accretion Directed Classes"). The Class P Certificates represent beneficial ownership of the Prepayment Premiums, each Offered Certificate represents a beneficial ownership of a regular interest in the Lower Upper-Tier REMIC . The latest possible maturity date and the right to receive Basis Risk Carry Forward Amounts and the Class X Certificate represents beneficial ownership of all REMIC a regular interests created herein interest in the Upper-Tier REMIC, the Excess Reserve Fund Account and the Cap Agreement, which portions of the Trust Fund shall be the Latest Possible Maturity Datetreated as a grantor trust. The following table sets forth characteristics of the Master Corresponding Lower-Tier Interest Lower-Tier Initial Lower-Tier Upper-Tier Designation Interest Rate Principal Amount REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial --------------------- --------------- ---------------------------------------- ------------- Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 initial Class 1Certificate Balance of A-1 Corresponding Upper-Tier REMIC Regular Interest Class LT-A-2 $100,849,000.00 (1) 1/2 initial Class Certificate Balance of A-2 Corresponding Upper-Tier REMIC Regular Interest Class LT-M-1 (1) 1/2 initial Class Certificate Balance of M-1 Corresponding Upper-Tier REMIC Regular Interest Class LT-M-2 (1) 1/2 initial Class Certificate Balance of M-2 Corresponding Upper-Tier REMIC Regular Interest Class LT-M-3 (1) 1/2 initial Class Certificate Balance of M-3 Corresponding Upper-Tier REMIC Regular Interest Class LT-Accrual (1) 1/2 Pool Stated Principal Balance plus 1/2 Overcollateralized Amount Class LT-Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.001 % aggregate Stated Principal Balance of Group I Mortgage Loans Class 1LT-A-3 $40,341,000.00 Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.001 % aggregate Stated Principal Balance of Group I Mortgage Loans Class 1LT-A-4 R (4) (54) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------------------
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposesAs provided herein, the Trustee will elect that the Trust Fund (other than the Supplemental Loan Account, the Capitalized Interest Account, the Corridor Contracts, Contracts and the Corridor Contract Reserve Fund and the Reserve Fund) will consist of be treated for federal income tax purposes as three real estate mortgage investment conduits (each a "REMIC," or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC," and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTRLT-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor ContractsSupplemental Loan Account, the Reserve Fund Capitalized Interest Account, the Corridor Contracts and the Corridor Contract Reserve Fund). Each Lower Tier REMIC Interest (other than the Class LT-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC. Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than REMIC. For federal income tax purposes, the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The "latest possible maturity date date" of all REMIC regular interests created herein shall hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 292,232,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) (3) $25,000.00(4) $1,000.00 -------------------------------------------------------------------------------- Class 1-A-3 $49,300,000.00 (5) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class 1-A-4 (46) (57) $25,000.00(625,000.00(4) $1,000.00(6) --------------------------------------------------------------------------------- 1,000.00 -------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 138,040,000.00 (7) 8) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 730,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class 1-A-8 A-7 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 19,641,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class 32-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 23,627,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class 52-A-2 $505,000.00 6.00% $25,000.00 $1,000.00 -------------------------------------------------------------------------------- Class 3-A-1 $111,000,000.00 71,364,000.00 6.00% $25,000.00 $1,000.00 -------------------------------------------------------------------------------- Class PO $2,389,603.00 (109) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class 5A-A-2 (11) (12R(10) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 100.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14100.00(11) $25,000.00(6100.00(11) -------------------------------------------------------------------------------- Class M $1,000.00(6) --------------------------------------------------------------------------------- Class X-B 13, 147,000.00 (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (2512) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class PO-B B-1 $261,609.00 5,008,000.00 (2512) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class PO-C B-2 $1,626,788.00 3,130,000.00 (2512) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class B-3 $2,606,000.00 3,130,000.00 (2812) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class B-4 $2,171,000.00 2,191,000.00 (2812) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Class B-5 $1,302,777.74 1,565,296.62 (2812) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposesAs provided herein, the Trustee will elect that the Trust Fund (other than except for the Corridor ContractsCap Contract, the Corridor Contract Carryover Reserve Fund and the Reserve FundPre-Funding Account) will consist of three be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master Upper Tier REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor ContractsCap Contract, the Carryover Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Pre-Funding Account) and will be evidenced by (i) the Lower Tier REMIC Interest Regular Interests, which will be uncertificated and will represent the "REMIC regular interests" in the Lower Tier REMIC, and (ii) the Class LT-A-R Interest, which will represent the "REMIC residual interest" in the Lower Tier REMIC. The Upper Tier REMIC will hold as assets the Lower Tier REMIC Regular Interests and will be evidenced by the Certificates, each of which (other than the Class MTR-A-R InterestCertificate) is hereby designated as a will represent ownership of one or more "REMIC regular interest interests" in the Middle Upper Tier REMIC and each Lower Tier REMIC Interest (other than the REMIC. The Class LTR-A-R Interest) is hereby designated as a regular interest Certificate will represent ownership of the sole class of "REMIC residual interest" in each of the Lower Tier REMIC and the Upper Tier REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics specifies the class designation, interest rate, and principal amount for each class of the Master Lower Tier REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable Interest: (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annumContinued on next page) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------Lower Tier REMIC Interests --------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2002 1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to As provided herein, the Trustee in return for the Certificates. For federal income tax purposes, shall elect that the Trust Fund (other than exclusive of the Corridor Contractsassets held in the Basis Risk Reserve Fund, the Corridor Contract Reserve Fund Prefunding Account, the Capitalized Interest Account, and the Reserve FundInterest Rate Cap Account, and exclusive of the Interest Rate Cap Agreement and any entitlement to Prepayment Premiums) will consist of be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier Subsidiary REMIC," , the "Middle Tier Intermediate REMIC" , and the "Master REMIC," respectively”). Each Certificate, other than the Class A-R Certificate, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. In addition, each Class of LIBOR Certificates represents the right to receive payments pursuant to contractual arrangements as described in Section 8.11 of this Agreement. The Class A-X Certificates also evidence ownership of the assets held from time to time in the Basis Risk Reserve Fund and the Interest Rate Cap Account, the Interest Rate Cap Agreement, and rights to receive certain payments from the holder of the Class R Certificate as described in Section 8.11 of this Agreement. The Class R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier Subsidiary REMIC, the Middle Tier REMIC Intermediate REMIC, and the Master REMICREMIC for purposes of the REMIC Provisions. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Intermediate REMIC, other than the Class LTR-ALT2-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Intermediate REMIC and each for purposes of the REMIC Provisions. The Intermediate REMIC shall hold as its assets the several classes of uncertificated Lower Tier REMIC Interest (Interests in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest) , and each such Lower Tier Interest is hereby designated as a regular interest in the Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in the Subsidiary REMIC and the Intermediate REMIC, the Basis Risk Reserve Fund, the Prefunding Account, the Capitalized Interest Account, the Interest Rate Cap Account, the Interest Rate Cap Agreement, and any entitlement to Prepayment Premiums. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Datemonth following month in which the Mortgage Loan having the latest maturity date matures. The Subsidiary REMIC The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each class of the Master Subsidiary REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Lower Tier Interests. Subsidiary REMIC Lower Tier Class Designation Subsidiary REMIC Lower Tier Interest Rate Initial Class Principal Balance Corresponding Class of Intermediate REMIC Interests or Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A-1A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 75,625,000.00 Class LT2-A-1A Class LT1-A-1B (1) $ 61,875,000.00 Class LT2-A-2 $100,849,000.00 A-1B Class LT1-A-2A (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 50,600,000.00 Class 1LT2-A-3 $40,341,000.00 A-2A Class LT1-A-2B (2) $ 41,400,000.00 Class LT2-A-2B Class LT1-A-3A (2) $ 31,900,013.75 Class LT2-A-3A Class LT1-A-3B (2) $ 26,100,011.25 Class LT2-A-3B Class LT1-M1 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 19,500,000.00 Class 1LT2-A-4 M-1A Class LT1-M2 (3) $ 16,000,000.00 Class LT2-M-2B Class LT1-B1 (3) $ 11,875,000.00 Class LT2-B-1A Class LT1-B2 (3) $ 5,125,000.00 Class LT2-B-2 B Class LT1-Q (4) $340,000,025.00 N/A Class LT1-R (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------R ___________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mor Acc Cor Ho Eq Asset Tr 2002-5)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits purposes as comprising two REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Cap Agreement, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1 and Class LT-B-2 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Cap Agreement, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial grantor trust. LOWER TIER LOWER TIER INITIAL LOWER TIER CORRESPONDING UPPER CLASS DESIGNATION INTEREST RATE PRINCIPAL AMOUNT TIER REMIC CLASS -------------------------------------------------------------------------------------------------------------------------- Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 initial Corresponding Upper Tier REMIC A-1 initial principal balance Class 1LT-A-2 (1) 1/2 initial Corresponding Upper Tier REMIC A-2 initial principal balance Class LT-A-3 (1) 1/2 initial Corresponding Upper Tier REMIC A-3 initial principal balance Class LT-M-1 (1) 1/2 initial Corresponding Upper Tier REMIC M-1 initial principal balance Class LT-M-2 (1) 1/2 initial Corresponding Upper Tier REMIC M-2 initial principal balance Class LT-M-3 (1) 1/2 initial Corresponding Upper Tier REMIC M-3 initial principal balance Class LT-B-1 (1) 1/2 initial Corresponding Upper Tier REMIC B-1 initial principal balance Class LT-B-2 (1) 1/2 initial Corresponding Upper Tier REMIC B-2 initial principal balance Class LT-Accrual (1) 1/2 Pool Stated Principal Balance plus 1/2 Subordinated Amount, less $100,849,000.00 2,000 Class LT-Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1,244.37147025 (4) Class 1LT-A-3 $40,341,000.00 Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 $ 755.62852975 (4) Class LT-R (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Series 2003 Nc2)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2, Class LT-B-3 and Class LT-B-4 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral grantor trust. Corresponding Lower Tier Lower Tier Initial Lower Tier Upper Tier REMIC Class Pass-Through Multiples in Designation Interest Rate Principal Amount Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- --------------------- --------------- ------------------------------------- ---------------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 initial Corresponding Upper Tier A-1 REMIC initial principal balance Class 1LT-A-2 $100,849,000.00 (1) 1/2 initial Corresponding Upper Tier A-2 REMIC initial principal balance Class LT-A-3 (1) 1/2 initial Corresponding Upper Tier A-3 REMIC initial principal balance Class LT-A-4 (1) 1/2 initial Corresponding Upper Tier A-4 REMIC initial principal balance Class LT-M-1 (1) 1/2 initial Corresponding Upper Tier M-1 REMIC initial principal balance Class LT-M-2 (1) 1/2 initial Corresponding Upper Tier M-2 REMIC initial principal balance Class LT-M-3 (1) 1/2 initial Corresponding Upper Tier M-3 REMIC initial principal balance Class LT-B-1 (1) 1/2 initial Corresponding Upper Tier B-1 REMIC initial principal balance Class LT-B-2 (1) 1/2 initial Corresponding Upper Tier B-2 REMIC initial principal balance Class LT-B-3 (1) 1/2 initial Corresponding Upper Tier B-3 REMIC initial principal balance Class LT-B-4 (1) 1/2 initial Corresponding Upper Tier B-4 REMIC initial principal balance Class LT-Accrual (1) 1/2 Pool Stated Principal Balanceplus 1/2 Subordinated Amount, less aggregate initial Lower-Tier Principal Amount of Class LT-Group 1 and Class LT-Group II Class LT-Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- .001% aggregate Stated Principal Balance of Group I Mortgage Loans (4) Class 1LT-A-3 $40,341,000.00 Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 .001% aggregate Stated Principal Balance of Group II Mortgage Loans (4) Class LT-R (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc Trust 2004-Nc3)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposesAs provided in this Agreement, the Trustee shall elect that the Trust Fund (other than exclusive of the Corridor ContractsSwap Contract, the Corridor Contract Contract, the Cap Contract, the Derivative Reserve Fund and Funds, the Carryover Shortfall Reserve Fund, any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class AXPP Certificates pursuant to Section 3.21(b) will consist and any amounts in respect of Late Payment Fees paid by the Servicer to the Class L Certificates pursuant to Section 3.22(b)) be treated for federal income tax purposes as comprising three real estate mortgage investment conduits (each each, a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“REMIC 1," the "Middle Tier REMIC" ” “REMIC 2” and the "“Master REMIC," respectively”). Each Certificate, other than the Class A-R CertificateR, Class C-X and Class L Certificates, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents Certificates represent ownership of the sole class classes of residual interest interests in the Lower Tier REMIC, the Middle Tier each REMIC and the Master REMICdescribed herein. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC 2 Interests (other than the Class MTR-A-R R-2 Interest). The Middle Tier REMIC 2 will hold as assets the several classes of uncertificated Lower Tier REMIC 1 Interests (other than the Class LTR-A-R R-1 Interest). The Lower Tier REMIC 1 will hold as assets all property of the Trust Fund (other than the Corridor ContractsSwap Contract, the Corridor Contract, the Cap Contract, the Derivative Reserve Fund Funds and the Corridor Contract Carryover Shortfall Reserve Fund). Each Middle Tier REMIC 2 Interest (other than the Class MTR-A-R R-2 Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier 2. Each REMIC 1 Interest (other than the Class LTR-A-R R-1 Interest) is hereby designated as a regular interest in the Lower Tier REMIC 1. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class AXPP Certificates pursuant to Section 3.21(b) will be treated as paid directly by the Servicer to the Class AXPP Certificates and not as paid by or through any REMIC created under this Agreement. REMIC 1 The following table sets forth characteristics of REMIC 1 Interests will have the Master REMIC Certificates, together with the minimum denominations Initial Principal Balances and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples Rates as set forth in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------the following table:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-Hoa1)
PRELIMINARY STATEMENT. The Depositor is As provided herein, the owner of Trust Administrator shall elect that the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three purposes as comprising five real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1 and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Groups 3 and 4, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Groups 1, 2 and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC 5, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp 3 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.750% N/A LT1-A-2 $100,849,000.00 3-X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(2) A-A-3 $40,341,000.00 X LT1-Grp 4 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.500% N/A LT1-A-4 4-X (4) (4) A-X LT1-R (5) $25,000.00(6(5) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-N/A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSMC Mortgage-Backed Pass-Through Certificates, Series 2006-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For The Trust Fund (excluding the Credit Comeback Excess Account, the Carryover Reserve Fund, the assets held in the Pre-Funding Account and the Trust Fund's rights with respect to payments received under the Corridor Contracts) for federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) purposes will consist of three real estate mortgage investment conduits four REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMICREMIC 1," the "Middle Tier REMICREMIC 2," "REMIC 3" and the "Master REMIC," respectively"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMICREMIC 1, the Middle Tier REMIC 2, REMIC 3 and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund)3 Interests. Each Middle Tier REMIC 3 Interest (other than the Class MTR-AR-3-R Interest) is hereby designated as a regular interest in REMIC 3. REMIC 3 will hold as assets the Middle Tier several classes of REMIC and each Lower Tier 2 Interests (other than the R-2-R Interest). Each REMIC 2 Interest (other than the Class LTR-AR-2-R Interest) is hereby designated as a regular interest in REMIC 2. REMIC 2 will hold as assets the Lower Tier several classes of REMIC 1 Interests (other than the R-1-R Interest). Each REMIC 1 Interest (other than the R-1-R Interest) is hereby designated as a regular interest in REMIC 1. REMIC 1 will hold as assets all property of the Trust Fund (excluding the Credit Comeback Excess Account, the Carryover Reserve Fund, the assets held in the Pre-Funding Account and the Trust Fund's rights with respect to payments received under the Corridor Contracts). The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2005-2)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the a “Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" ” or, in the alternative, the "Lower Pooling-Tier REMIC and the Upper-Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," , respectively). Each CertificateAs further described herein, the Class P Certificates, the Class X Certificates, and each Class of Offered Certificates (other than the right of each Class A-R Certificate, will represent of Offered Certificates to receive Basis Risk Carry Forward Amounts) represents ownership of one or more a regular interests interest in the Master Upper-Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents Certificates represent ownership of the sole class Class of residual interest in each of the Lower Tier REMIC, the Middle Pooling-Tier REMIC and the Master REMICUpper-Tier REMIC for purposes of the REMIC Provisions. The Master Start-up Day for each REMIC will described herein is the Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.06. The Upper-Tier REMIC shall hold as assets the several classes of uncertificated Middle Pooling-Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor ContractsRegular Interests, the Reserve Fund and the Corridor Contract Reserve Fund)each set out below. Each Middle such Pooling-Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Pooling-Tier REMIC REMIC. The Class LT-A1, Class LT-A2, Class LT-A3, Class LT-A4, Class LT-A4, Class LT-A5, Class LT-M1, Class LT-M2, Class LT-B-1, Class LT-B-2 and each Lower Tier REMIC Interest (other than the Class LTRLT-A-R Interest) is B-3 Interests are hereby designated as the LT-Accretion Directed Classes (the “LT-Accretion Directed Classes”). Each Offered Certificate represents a beneficial ownership of a regular interest in the Lower Upper-Tier REMIC . The latest possible maturity date and the right to receive Basis Risk Carry Forward Amounts and the Class X Certificates represent beneficial ownership of all REMIC regular interests created herein the Class X Interest and the Excess Reserve Account, which portions of the Trust Fund shall be the Latest Possible Maturity Datetreated as a grantor trust. The following table sets forth characteristics of the Master Pooling-Tier REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Pooling-Tier Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Designation Pooling-Tier Interest Rate Initial Pooling-Tier Principal Amount Corresponding Upper-Tier REMIC Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ½ initial Class 1Certificate Balance of Corresponding Upper-Tier REMIC Regular Class A-1 Class LT-A-2 $100,849,000.00 (1) ½ initial Class Certificate Balance of Corresponding Upper-Tier REMIC Regular Class A-2 Class LT-A-3 (1) ½ initial Class Certificate Balance of Corresponding Upper-Tier REMIC Regular Class A-3 Class LT-A-4 (1) ½ initial Class Certificate Balance of Corresponding Upper-Tier REMIC Regular Class A-4 Class LT-A-5 (1) ½ initial Class Certificate Balance of Corresponding Upper-Tier REMIC Regular Class A-5 Class LT-M-1 (1) ½ initial Class Certificate Balance of Corresponding Upper-Tier REMIC Regular Class M-1 Class LT-M-2 (1) ½ initial Class Certificate Balance of Corresponding Upper-Tier REMIC Regular Class M-2 Class LT-B-1 (1) ½ initial Class Certificate Balance of Corresponding Upper-Tier REMIC Regular Class B-1 Class LT-B-2 (1) ½ initial Class Certificate Balance of Corresponding Upper-Tier REMIC Regular Class B-2 Class LT-B-3 (1) ½ initial Class Certificate Balance of Corresponding Upper-Tier REMIC Regular Class B-3 Class LT-Accrual (1)(3) (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- N/A Class 1PT-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 R (4) (54) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class N/A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gsamp Trust 2004-Sd1)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2, Class LT-B-3 and Class LT-B-4 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral grantor trust. Corresponding Lower Tier Lower Tier Initial Lower Tier Upper Tier Class Pass-Through Multiples in Designation Interest Rate Principal Amount REMIC Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1LT-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 Corresponding Upper Tier A-1 REMIC Class 1initial Class Certificate Balance Class LT-A-2 $100,849,000.00 (1) 1/2 Corresponding Upper Tier A-2 REMIC Class initial Class Certificate Balance Class LT-A-3 (1) 1/2 Corresponding Upper Tier A-3 REMIC Class initial Class Certificate Balance Class LT-A-4 (1) 1/2 Corresponding Upper Tier A-4 REMIC Class initial Class Certificate Balance Class LT-M-1 (1) 1/2 Corresponding Upper Tier M-1 REMIC Class initial Class Certificate Balance Class LT-M-2 (1) 1/2 Corresponding Upper Tier M-2 REMIC Class initial Class Certificate Balance Class LT-M-3 (1) 1/2 Corresponding Upper Tier M-3 REMIC Class initial Class Certificate Balance Class LT-B-1 (1) 1/2 Corresponding Upper Tier B-1 REMIC Class initial Class Certificate Balance Class LT-B-2 (1) 1/2 Corresponding Upper Tier B-2 REMIC Class initial Class Certificate Balance Class LT-B-3 (1) 1/2 Corresponding Upper Tier B-3 REMIC Class initial Class Certificate Balance Class LT-B-4 (1) 1/2 Corresponding Upper Tier B-4 REMIC Class initial Class Certificate Balance Class LT-Accrual (1) 1/2 Pool Stated Principal Balance plus1/2Subordinated Amount, less aggregate initial Lower-Tier Principal Amount of Class LT-Group I and Class LT-Group II Class LT-Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.001% aggregate Stated Principal Balance of Group I Mortgage Loans (4) Class 1LT-A-3 $40,341,000.00 Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 0.001% aggregate Stated Principal Balance of Group II Mortgage Loans (4) Class LT-R (5) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Nc5)
PRELIMINARY STATEMENT. The Depositor is the owner Securities Administrator on behalf of the Trust Fund (exclusive of (i) the Swap Agreement, (ii) the right to receive and the obligation to pay Basis Risk Carryover Amounts, (iii) the Excess Reserve Fund Account, (iv) the Supplemental Interest Trust and the Supplemental Interest Trust Account and (v) the obligations to pay Class I Shortfalls (collectively, the “Excluded Trust Assets”) shall elect that is hereby conveyed to two segregated asset pools within the Trustee in return Trust Fund be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of purposes as comprising three real estate mortgage investment conduits under Section 860D of the Code (each a "“REMIC" ” or, in the alternative, “REMIC 1,” REMIC 2” and “REMIC 3,” REMIC 3 also being referred to herein as the "Lower “Upper Tier REMIC," .”) Any inconsistencies or ambiguities in this Agreement or in the "Middle Tier REMIC" and administration of this Agreement shall be resolved in a manner that preserves the "Master REMIC," respectively)validity of such REMIC election. Each Certificate, other than the Class A-R Certificates, represents ownership of a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions. In addition, each Certificate, will represent other than the Class R, Class X and Class P Certificates, represents (i) the right to receive payments with respect to any Basis Risk Carryover Amounts and (ii) the obligation to pay Class I Shortfalls. The Class R Certificate represents ownership of one or more regular interests the sole Class of residual interest in each of REMIC 1, REMIC 2 and the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of Upper Tier REMIC shall hold as its assets the sole class of residual interest in the uncertificated Lower Tier REMICInterests in REMIC 2, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-ALT2-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated interest, and each such Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in REMIC 2 for purposes of the Middle REMIC Provisions. REMIC 2 shall hold as its assets the uncertificated Lower Tier Interests in REMIC 1, and each such Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in REMIC 1. REMIC 1 shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in REMIC . The latest possible maturity date of all 1 and REMIC regular interests created herein shall be 2 and the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------Excluded Trust Assets.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2005-I1)
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof Offered Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.05. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1ss, Class LT-A-1mz, Class XX-X-0x, Xxxxx XX-X-0x, Class LT-A-2c, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Offered Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral grantor trust. Corresponding Lower Tier Lower Tier Initial Lower Tier Upper Tier Class PassDesignation Interest Rate Principal Amount REMIC Class ----------------- ------------- ----------------------------- ------------- Class LT-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A-1ss (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 1/2 initial Corresponding A-1ss Upper Tier REMIC Class initial Class Certificate Balance Class LT-A-1mz (1) 1/2 initial Corresponding A-1mz Upper Tier REMIC Class initial Class Certificate Balance Class LT-A-2 $100,849,000.00 A-2a (1) 1/2 initial Corresponding A-2a Upper Tier REMIC Class initial Class Certificate Balance Class LT-A-2b (1) 1/2 initial Corresponding A-2b Upper Tier REMIC Class initial Class Certificate Balance Class LT-A-2c (1) 1/2 initial Corresponding A-2c Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-1 (1) 1/2 initial Corresponding M-1 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-2 (1) 1/2 initial Corresponding M-2 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-3 (1) 1/2 initial Corresponding M-3 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-4 (1) 1/2 initial Corresponding M-4 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-5 (1) 1/2 initial Corresponding M-5 Upper Tier REMIC Class initial Class Certificate Balance Class LT-M-6 (1) 1/2 initial Corresponding M-6 Upper Tier REMIC Class initial Class Certificate Balance Class LT-B-1 (1) 1/2 initial Corresponding B-1 Upper Tier REMIC Class initial Class Certificate Balance Class LT-B-2 (1) 1/2 initial Corresponding B-2 Upper Tier REMIC Class initial Class Certificate Balance Class LT-B-3 (1) 1/2 initial Corresponding B-3 Upper Tier REMIC Class initial Class Certificate Balance Class LT-Accrual (1) 1/2 Pool Stated Principal Balance plus 1/2 Subordinated Amount, less aggregate initial Lower-Tier Principal Amount of Class LT-Group I and Class LT-Group II Class LT-Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.001% aggregate Stated Principal Balance of Group I Mortgage Loans (4) Class 1LT-A-3 $40,341,000.00 Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 0.001% aggregate Stated Principal Balance of Group II Mortgage Loans (4) Class LT-R (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (, other than the Corridor ContractsSupplemental Loan Account and Capitalized Interest Account, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC," and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTRLT-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, Supplemental Loan Account and Capitalized Interest Account). Each Lower Tier REMIC Interest (other than the Reserve Fund and Class LT-A-R Interest) is hereby designated as a regular interest in the Corridor Contract Reserve Fund)Lower Tier REMIC. Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ======================================================== ========================== Integral ===================== ======================== ====================== Initial Class Pass-Through Rate Integral Multiples in Class Designation Certificate Rate Minimum Excess of Designation Balance (per annum) Minimum Denomination in Excess of Minimum --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-1 $75,000,000.00 42,714,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-2 $100,849,000.00 (2) (3) $25,000.00(4) $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-3 $55,088,000.00 4.00% $25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-4 $1,000,000.00 5.75% $25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-5 $24,400,000.00 5.75% $25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-6 $2,000,000.00 5.75% $1,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-7 $15,150,000.00 5.75% $25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-8 $1,297,000.00 4.00% $25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-9 $1,141,000.00 (5) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-3 A-10 $40,341,000.00 (3) 16,429,000.00 5.75% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-4 (4) (5) A-11 $25,000.00(6) 710,000.00 5.75% $1,000.00(6) --------------------------------------------------------------------------------- 1,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-5 $3,662,000.00 X (6) (7) $25,000.00(4) $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 2-A-1 $156,540,000.00 5.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 12-A-6 X (8) (9) $25,000.00(625,000.00 (4) $1,000.00(6) --------------------------------------------------------------------------------- 1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-7 PO $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 1,307,924.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 5A-A-2 R(11) $100.00 5.75% (1112) (12) --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class M $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A 2,917,000.00 (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class PO-B B-1 $261,609.00 1,296,500.00 (2513) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class PO-C B-2 $1,626,788.00 810,500.00 (2513) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class B-3 $2,606,000.00 486,500.00 (2813) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class B-4 $2,171,000.00 324,500.00 (2813) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class B-5 $1,302,777.74 486,821.17 (2813) $100,000.00 $1,000.00 ======================================================== ========================== ------------------------------------------===================== ======================== ======================
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner Securities Administrator on behalf of the Trust Fund (exclusive of (i) the Swap Agreement, (ii) the Cap Agreement, (iii) the right to receive and the obligation to pay Basis Risk Carryover Amounts, (iv) the Excess Reserve Fund Account, (v) the Supplemental Interest Trust and the Supplemental Interest Trust Account and (vi) the obligations to pay Class I Shortfalls (collectively, the “Excluded Trust Assets”) shall elect that is hereby conveyed to two segregated asset pools within the Trustee in return Trust Fund be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of purposes as comprising three real estate mortgage investment conduits under Section 860D of the Code (each a "“REMIC" ” or, in the alternative, “REMIC 1,” REMIC 2” and “REMIC 3,” REMIC 3 also being referred to herein as the "Lower “Upper Tier REMIC," .”) Any inconsistencies or ambiguities in this Agreement or in the "Middle Tier REMIC" and administration of this Agreement shall be resolved in a manner that preserves the "Master REMIC," respectively)validity of such REMIC election. Each Certificate, other than the Class A-R Certificates, represents ownership of a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions. In addition, each Certificate, will represent other than the Class R, Class X and Class P Certificates, represents (i) the right to receive payments with respect to any Basis Risk Carryover Amounts and (ii) the obligation to pay Class I Shortfalls. The Class R Certificate represents ownership of one or more regular interests the sole Class of residual interest in each of REMIC 1, REMIC 2 and the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Upper Tier REMIC shall hold as its assets the uncertificated Lower Tier Interests in REMIC 2, other than the Class ALT2-R Certificate represents ownership interest, and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 2 for purposes of the sole class of residual REMIC Provisions. REMIC 2 shall hold as its assets the uncertificated Lower Tier Interests in REMIC 1, other than the Class LT1-R interest, and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 1. REMIC 1 shall hold as its assets the property of the Trust Fund other than the Lower Tier REMIC, the Middle Tier Interests in REMIC 1 and REMIC 2 and the Master REMICExcluded Trust Assets. REMIC 1: The Master following table sets forth the designations, principal balances and interest rates for each interest in REMIC will hold as assets the several classes 1, each of uncertificated Middle Tier REMIC Interests which (other than the Class MTR-ALT1-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in REMIC 1 (the Middle Tier “REMIC and each Lower Tier REMIC 1 Regular Interests”): Class Designation Initial Principal Balance Interest (other than the Class LTRRate LT1-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 A $ 55,610,779.65 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-A-2 $100,849,000.00 F1 $ 12,176,096.50 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-A-3 $40,341,000.00 V1 $ 12,176,096.50 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- LT1-F2 $ 15,286,754.00 (2) LT1-V2 $ 15,286,754.00 (3) LT1-F3 $ 18,381,829.50 (2) LT1-V3 $ 18,381,829.50 (3) LT1-F4 $ 21,431,563.00 (2) LT1-V4 $ 21,431,563.00 (3) LT1-F5 $ 24,404,919.00 (2) LT1-V5 $ 24,404,919.00 (3) LT1-F6 $ 27,270,082.50 (2) LT1-V6 $ 27,270,082.50 (3) LT1-F7 $ 29,994,815.00 (2) LT1-V7 $ 29,994,815.00 (3) LT1-F8 $ 32,546,960.50 (2) LT1-V8 $ 32,546,960.50 (3) LT1-F9 $ 34,882,913.50 (2) LT1-V9 $ 34,882,913.50 (3) LT1-F10 $ 33,207,493.50 (2) LT1-V10 $ 33,207,493.50 (3) LT1-F11 $ 31,612,764.00 (2) LT1-V11 $ 31,612,764.00 (3) LT1-F12 $ 30,094,697.00 (2) LT1-V12 $ 30,094,697.00 (3) LT1-F13 $ 28,649,603.50 (2) LT1-V13 $ 28,649,603.50 (3) LT1-F14 $ 27,273,972.00 (2) LT1-V14 $ 27,273,972.00 (3) LT1-F15 $ 25,964,425.00 (2) LT1-V15 $ 25,964,425.00 (3) LT1-F16 $ 24,717,819.00 (2) LT1-V16 $ 24,717,819.00 (3) LT1-F17 $ 23,531,162.00 (2) LT1-V17 $ 23,531,162.00 (3) LT1-F18 $ 22,401,534.50 (2) LT1-V18 $ 22,401,534.50 (3) LT1-F19 $ 21,392,021.00 (2) Class 1Designation Initial Principal Balance Interest Rate LT1-A-4 V19 $ 21,392,021.00 (3) LT1-F20 $ 36,387,031.50 (2) LT1-V20 $ 36,387,031.50 (3) LT1-F21 $ 32,866,223.00 (2) LT1-V21 $ 32,866,223.00 (3) LT1-F22 $ 29,681,993.00 (2) LT1-V22 $ 29,681,993.00 (3) LT1-F23 $ 26,855,815.00 (2) LT1-V23 $ 26,855,815.00 (3) LT1-F24 $ 24,289,196.00 (2) LT1-V24 $ 24,289,196.00 (3) LT1-F25 $ 14,745,241.50 (2) LT1-V25 $ 14,745,241.50 (3) LT1-F26 $ 13,935,865.50 (2) LT1-V26 $ 13,935,865.50 (3) LT1-F27 $ 13,176,868.00 (2) LT1-V27 $ 13,176,868.00 (3) LT1-F28 $ 16,049,019.00 (2) LT1-V28 $ 16,049,019.00 (3) LT1-F29 $ 14,797,345.00 (2) LT1-V29 $ 14,797,345.00 (3) LT1-F30 $ 13,654,579.00 (2) LT1-V30 $ 13,654,579.00 (3) LT1-F31 $ 12,610,396.50 (2) LT1-V31 $ 12,610,396.50 (3) LT1-F32 $ 11,655,507.50 (2) LT1-V32 $ 11,655,507.50 (3) LT1-F33 $ 10,781,553.00 (2) LT1-V33 $ 10,781,553.00 (3) LT1-F34 $ 9,974,904.50 (2) LT1-V34 $ 9,974,904.50 (3) LT1-F35 $ 7,949,746.50 (2) LT1-V35 $ 7,949,746.50 (3) LT1-F36 $ 7,496,725.50 (2) LT1-V36 $ 7,496,725.50 (3) LT1-F37 $ 7,069,875.50 (2) LT1-V37 $ 7,069,875.50 (3) LT1-F38 $ 6,667,669.50 (2) LT1-V38 $ 6,667,669.50 (3) LT1-F39 $ 6,288,669.50 (2) LT1-V39 $ 6,288,669.50 (3) LT1-F40 $ 5,931,439.00 (2) LT1-V40 $ 5,931,439.00 (3) LT1-F41 $ 5,594,876.50 (2) Class Designation Initial Principal Balance Interest Rate LT1-V41 $ 5,594,876.50 (3) LT1-F42 $ 94,877,606.00 (2) LT1-V42 $ 94,877,606.00 (3) LT1-R (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff11)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund Pre-Funding Account and the Reserve FundCapitalized Interest Account) will consist consisting of three real estate mortgage investment conduits (each a "REMIC" or, or in the alternative, the "Lower Tier “Sub-WAC (SW) REMIC," ” the "Middle Tier “Strip (ST) REMIC" ” and the "“Master REMIC," respectively)”) and shall make all elections as necessary for such treatment. Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier Sub-WAC REMIC, the Middle Tier Strip REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier Strip REMIC Interests (other than the Class MTRST-A-R Interest). The Middle Tier Strip REMIC will hold as assets the several classes of uncertificated Lower Tier Sub-WAC REMIC Interests (other than the Class LTRSW-A-R Interest). The Lower Tier Sub-WAC REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier Strip REMIC Interest (other than the Class MTRST-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier Strip REMIC. Each Sub-WAC REMIC Interest (other than the Class LTRSW-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC . The Sub-WAC REMIC.The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Corridor Contract, the Supplemental Interest Trust and the Corridor Contract Reserve Fund will not form part of any REMIC. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Class Designation Initial Maximum Class Certificate Balance Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Minimum Denomination Integral Multiples in Excess of Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 185,600,000 6.00% $ 25,000 $ 1 Class 1-A-2 $100,849,000.00 $ 46,400,000 (21) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class 1-A-3 $40,341,000.00 $ 46,400,000 (2) (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 (4) $ 1 (4) Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- $ 24,115,000 6.00% $ 25,000 $ 1 Class 1-A-5 $3,662,000.00 $ 60,000,000 (71) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class 1-A-6 $ 60,000,000 (8) 2) (93) $25,000.00(6$ 25,000 (4) $1,000.00(6$ 1 (4) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50$ 124,293,000 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 1,000 $ 1 Class 1-A-8 $26,686,000.00 5.50$ 464,000 6.00% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class 1-A-9 $ 24,186,000 6.00% $ 25,000 $ 1 Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 244,014,000 (5) $ 25,000 $ 1 Class 2-A-2 $ 30,335,850 (6) $ 25,000 $ 1 Class 2-A-3 $ 8,784,750 (5) $ 25,000 $ 1 Class 3-A-1 $257,750,000.00 6.50$ 126,527,000 6.75% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class 3-A-2 $ 4,556,000 6.75% $ 25,000 $ 1 Class 4-A-1 $43,246,000.00 $ 217,530,000 (7) $ 25,000 $ 1 Class 4-A-2 $ 36,255,000 (8) $ 25,000 $ 1 Class 4-A-3 $ 121,215,000 (9) $ 25,000 $ 1 Class 4-A-4 $ 121,215,000 (2) (10) $ 25,000 $ 1 Class 4-A-5 $ 48,000,000 (11) $ 25,000 $ 1 Class 4-A-6 $ 8,000,000 (12) $ 25,000 $ 1 Class 4-A-7 $ 84,872,000 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class 4-A-8 $ 4,371,000 6.00% $ 25,000 $ 1 Class 4-A-9 $ 17,150,000 6.00% $ 25,000 $ 1 Class 5-A-1 $111,000,000.00 $ 75,000,000 6.25% $ 25,000 (104) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 1 (4) Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- $ 5,000,000 6.25% $ 25,000 $ 1 Class 5-A-3 $3,891,000.00 5.50$ 54,508,000 6.25% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class 5-A-4 $13,315,000.00 5.50$ 13,177,000 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class 65-A-1 $36,166,000.00 5.50A-5 $ 349,000 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class 75-A-1 $36,128,000.00 5.50A-6 $ 2,438,000 6.25% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class X-A X-1 $ 942,163,467 (2) (13) $ 25,000 (4) $ 1 (4) Class X-2 $ 329,289,415 (2) (14) $25,000.00(6$ 25,000 (4) $1,000.00(6$ 1 (4) --------------------------------------------------------------------------------- Class X-B X-3 $ 131,104,879 (2) (15) $ 25,000 (4) $ 1 (4) vii Class PO $ 1,271,199 (16) $25,000.00(6$ 25,000 $ 1 Class A-R(17) $1,000.00(6$ 100 6.00% (17 ) --------------------------------------------------------------------------------- (17 ) Class X-C (17) M-1 $ 22,779,500 (18) $25,000.00(6$ 25,000 $ 1 Class M-2 $ 9,762,000 (18) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class B-1 $6,079,000.00 $ 9,762,000 (2818) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class B-2 $2,606,000.00 $ 4,881,000 (2818) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 25,000 $ 1 Class B-3 $2,606,000.00 $ 4,881,000 (2818) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 100,000 $ 1 Class B-4 $2,171,000.00 $ 4,067,000 (2818) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- $ 100,000 $ 1 Class B-5 $1,302,777.74 $ 2,440,943 (2818) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------$ 100,000 $ 1 _________________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor ContractsInterest Rate Cap Accounts, the Corridor Contract Reserve Fund Interest Rate Cap Agreements and the Basis Risk Reserve Fund) will consist of three be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier “Subsidiary REMIC," the "Middle Tier REMIC" ” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class A-R CertificateAR Certificates and exclusive of the right to receive Basis Risk Shortfalls in the case of each Certificate other than the Class X, will represent Class P or Class AR Certificates, represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in each REMIC for purposes of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICProvisions. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Subsidiary REMIC, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Subsidiary REMIC. In addition, the Master REMIC and each Lower Tier REMIC Interest (other than shall hold as an asset the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC P Reserve Fund. The Subsidiary REMIC shall hold as its assets the Mortgage Loans, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Date. The Distribution Date following table sets forth characteristics the third anniversary of the Master REMIC Certificates, together with scheduled maturity date of the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate Mortgage Loan having the latest scheduled maturity date as of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassCut-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------off Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (TBW Mortgage-Backed Trust Series 2006-4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor ContractsSupplemental Loan Account, the Capitalized Interest Account, the Corridor Contract Reserve Fund and the Class 2-A-7 Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC," respectively). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTRMT-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTRLT-A-R Interest). Each Middle Tier REMIC Interest (other than the Class MT-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC. The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor ContractsSupplemental Loan Account, the Reserve Fund and Capitalized Interest Account, the Corridor Contract and the Class 2-A-7 Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTRLT-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------):
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk CarryForward Amounts and the right of the Class X Certificates to receive payments from the Interest Rate Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will hold as assets described herein is the several classes of uncertificated Middle Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.07. The Upper Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will shall hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be Class LT-A-1, Class LT-A-2, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2, Class LT-B-3 and Class LT-B-4 Interests are hereby designated the Latest Possible Maturity DateLT Accretion Directed Classes (the "LT Accretion Directed Classes"). The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk CarryForward Amounts and the Class X Certificates represent beneficial ownership of a regular interest in the Upper Tier REMIC, the Excess Reserve Fund Account and the Interest Rate Cap Agreements, which portions of the Trust Fund shall be issued in treated as a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------grantor trust.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Pass-Through Certificates Series 2004-Nc2)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor ContractsSupplemental Interest Trust, the Corridor Contract Reserve Fund Interest Rate Cap Accounts, the Interest Rate Cap Agreements and the Basis Risk Reserve Fund) will consist of three be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC" “Subsidiary REMIC 1” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class A-R CertificateAR Certificates and exclusive of the right to receive amounts from the Basis Risk Reserve Fund or Supplemental Interest Trust in the case of each Certificate other than the Class X, will represent Class P or Class AR Certificates, represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in each REMIC for purposes of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICProvisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the P Reserve Fund and several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in Subsidiary REMIC 1. Subsidiary REMIC 1 shall hold as its assets the Middle Tier REMIC Mortgage Loans and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1A-1-A-1 $75,000,000.00 A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-1-A LT1-A-1-B-1 (1-A-4 (4) (53) $25,000.00(6A-1-B-1 LT1-A-1-C (1) $1,000.00(6(3) --------------------------------------------------------------------------------- Class A-1-C LT1-A-3-A (1) (3) A-3-A-5 $3,662,000.00 A LT1-A-3-B (71) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class (3) A-3-B LT1-A-4-A (1) (3) A-4-A LT1-A-4-B (1) (3) A-4-B LT1-A-5-A (1) (3) A-5-A LT1-A-5-B (1) (3) A-5-B LT1-A-6 (8) 1) (93) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1A-6 LT1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class (1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (123) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------A-7
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSAB Mortgage-Backed Trust 2006-3)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund exclusive of any Prepayment Penalties and the Reserve Fundany Qualified Subsitute Mortgage Loan Excess Interest) will consist of three be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier “Subsidiary REMIC," the "Middle Tier REMIC" ” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The For purposes of the REMIC Provisions, the Class AAR-R Certificate represents L Certificates represent ownership of the sole class of residual interest in the Lower Tier Subsidiary REMIC, and the Middle Tier REMIC and Class AR Certificates represent ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as its assets the several classes of uncertificated Lower Tier REMIC Interests (in the Subsidiary REMIC, other than the Class LTRAR-A-R Interest). The L Certificates, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC Subsidiary REMIC. The Subsidiary REMIC shall hold as its assets the Mortgage Loans and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date of all for each regular interest in each REMIC regular interests created herein shall be hereby is the Latest Possible Maturity Date. The Distribution Date following table sets forth characteristics the third anniversary of the Master REMIC Certificates, together with scheduled maturity date of the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate Mortgage Loan having the latest scheduled maturity date as of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassCut-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------off Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner Securities Administrator on behalf of the Trust Fund (exclusive of (i) the Swap Agreement, (ii) the Cap Agreement, (iii) the right to receive and the obligation to pay Basis Risk Carryover Amounts, (iv) the Excess Reserve Fund Account, (v) the Supplemental Interest Trust and the Supplemental Interest Trust Account, and (vi) the obligations to pay Class I Shortfalls (collectively, the “Excluded Trust Assets”)) shall elect that is hereby conveyed to two segregated asset pools within the Trustee in return Trust Fund be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of purposes as comprising three real estate mortgage investment conduits under Section 860D of the Code (each a "“REMIC" ” or, in the alternative, “REMIC 1,” REMIC 2” and “REMIC 3,” REMIC 3 also being referred to herein as the "Lower “Upper Tier REMIC," .”) Any inconsistencies or ambiguities in this Agreement or in the "Middle Tier REMIC" and administration of this Agreement shall be resolved in a manner that preserves the "Master REMIC," respectively)validity of such REMIC election. Each Certificate, other than the Class A-R Certificates, represents ownership of a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions. In addition, each Certificate, will represent other than the Class R, Class X and Class P Certificates, represents (i) the right to receive payments with respect to any Basis Risk Carryover Amounts and (ii) the obligation to pay Class I Shortfalls. The Class R Certificate represents ownership of one or more regular interests the sole Class of residual interest in each of REMIC 1, REMIC 2 and the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Upper Tier REMIC shall hold as its assets the uncertificated Lower Tier Interests in REMIC 2, other than the Class ALT2-R Certificate represents ownership interest, and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 2 for purposes of the sole class of residual REMIC Provisions. REMIC 2 shall hold as its assets the uncertificated Lower Tier Interests in REMIC 1, other than the Class LT1-R interest, and each such Lower Tier Interest is hereby designated as a regular interest in REMIC 1. REMIC 1 shall hold as its assets the property of the Trust Fund other than the Lower Tier REMIC, the Middle Tier Interests in REMIC 1 and REMIC 2 and the Master REMICExcluded Trust Assets. REMIC 1: The Master following table sets forth the designations, principal balances and interest rates for each interest in REMIC will hold as assets the several classes 1, each of uncertificated Middle Tier REMIC Interests which (other than the Class MTR-ALT1-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in REMIC 1 (the Middle Tier “REMIC and each Lower Tier REMIC 1 Regular Interests”): Class Designation Initial Principal Balance Interest Rate LT1-A (other than the Class LTR-A-R Interest5) is hereby designated as a regular interest in the Lower Tier REMIC . The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-A-2 $100,849,000.00 F1 $ 9,368,648.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1LT1-A-3 $40,341,000.00 V1 $ 9,368,648.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- LT1-F2 $ 10,970,821.00 (2) LT1-V2 $ 10,970,821.00 (3) LT1-F3 $ 12,541,232.50 (2) LT1-V3 $ 12,541,232.50 (3) LT1-F4 $ 14,063,929.00 (2) LT1-V4 $ 14,063,929.00 (3) LT1-F5 $ 15,520,533.50 (2) LT1-V5 $ 15,520,533.50 (3) LT1-F6 $ 16,877,677.50 (2) LT1-V6 $ 16,877,677.50 (3) LT1-F7 $ 18,034,066.50 (2) LT1-V7 $ 18,034,066.50 (3) LT1-F8 $ 18,592,374.50 (2) LT1-V8 $ 18,592,374.50 (3) LT1-F9 $ 17,709,320.50 (2) LT1-V9 $ 17,709,320.50 (3) LT1-F10 $ 16,867,687.00 (2) LT1-V10 $ 16,867,687.00 (3) LT1-F11 $ 16,066,120.00 (2) LT1-V11 $ 16,066,120.00 (3) LT1-F12 $ 15,312,678.50 (2) LT1-V12 $ 15,312,678.50 (3) LT1-F13 $ 14,589,391.00 (2) LT1-V13 $ 14,589,391.00 (3) LT1-F14 $ 13,894,681.00 (2) LT1-V14 $ 13,894,681.00 (3) LT1-F15 $ 13,241,540.00 (2) LT1-V15 $ 13,241,540.00 (3) LT1-F16 $ 12,652,269.00 (2) LT1-V16 $ 12,652,269.00 (3) LT1-F17 $ 12,667,801.00 (2) LT1-V17 $ 12,667,801.00 (3) LT1-F18 $ 13,528,259.50 (2) Class 1Designation Initial Principal Balance Interest Rate LT1-A-4 V18 $ 13,528,259.50 (3) LT1-F19 $ 14,625,985.00 (2) LT1-V19 $ 14,625,985.00 (3) LT1-F20 $ 13,494,165.50 (2) LT1-V20 $ 13,494,165.50 (3) LT1-F21 $ 12,448,593.00 (2) LT1-V21 $ 12,448,593.00 (3) LT1-F22 $ 11,239,957.00 (2) LT1-V22 $ 11,239,957.00 (3) LT1-F23 $ 9,746,865.00 (2) LT1-V23 $ 9,746,865.00 (3) LT1-F24 $ 8,283,095.50 (2) LT1-V24 $ 8,283,095.50 (3) LT1-F25 $ 7,889,335.50 (2) LT1-V25 $ 7,889,335.50 (3) LT1-F26 $ 8,117,865.50 (2) LT1-V26 $ 8,117,865.50 (3) LT1-F27 $ 10,925,341.50 (2) LT1-V27 $ 10,925,341.50 (3) LT1-F28 $ 9,950,588.50 (2) LT1-V28 $ 9,950,588.50 (3) LT1-F29 $ 9,070,640.00 (2) LT1-V29 $ 9,070,640.00 (3) LT1-F30 $ 8,275,708.50 (2) LT1-V30 $ 8,275,708.50 (3) LT1-F31 $ 7,541,402.00 (2) LT1-V31 $ 7,541,402.00 (3) LT1-F32 $ 6,885,223.00 (2) LT1-V32 $ 6,885,223.00 (3) LT1-F33 $ 6,073,052.50 (2) LT1-V33 $ 6,073,052.50 (3) LT1-F34 $ 4,402,448.00 (2) LT1-V34 $ 4,402,448.00 (3) LT1-F35 $ 4,161,032.50 (2) LT1-V35 $ 4,161,032.50 (3) LT1-F36 $ 3,933,127.00 (2) LT1-V36 $ 3,933,127.00 (3) LT1-F37 $ 3,717,963.00 (2) LT1-V37 $ 3,717,963.00 (3) LT1-F38 $ 3,514,628.00 (2) LT1-V38 $ 3,514,628.00 (3) LT1-F39 $ 3,322,103.50 (2) LT1-V39 $ 3,322,103.50 (3) LT1-F40 $ 3,141,083.50 (2) Class Designation Initial Principal Balance Interest Rate LT1-V40 $ 3,141,083.50 (3) LT1-F41 $ 2,970,138.00 (2) LT1-V41 $ 2,970,138.00 (3) LT1-F42 $ 2,808,696.00 (2) LT1-V42 $ 2,808,696.00 (3) LT1-F43 $ 50,175,202.00 (2) LT1-V43 $ 50,175,202.00 (3) LT1-R (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2007-He1)
PRELIMINARY STATEMENT. The Depositor is the owner Securities Administrator on behalf of the Trust shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposespurposes as comprising two REMICs (each, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC," REMIC and the "Middle Upper Tier REMIC" and the "Master REMIC," , respectively). Each CertificateClass of Certificates (other than the Class P and Class R Certificates), other than the right of each Class A-R Certificateof LIBOR Certificates to receive Basis Risk Carryover Amounts and the right of the Class X Certificates to receive payments from the Cap Agreements, will represent represents ownership of one or more a regular interests interest in the Master Upper Tier REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class Class of residual interest in each of the Lower Tier REMIC, the Middle Tier REMIC and the Master REMICUpper Tier REMIC for purposes of the REMIC Provisions. The Master Startup Day for each REMIC will described herein is the Closing Date. The latest possible maturity date for each Certificate is the latest date referenced in Section 2.05. The Upper Tier REMIC shall hold as assets the several classes of uncertificated Middle Tier REMIC Interests (other than the Class MTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes Classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest)Regular Interests, set out below. The Each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Regular Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier REMIC and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC REMIC. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics Class P Certificates represent beneficial ownership of the Master REMIC CertificatesPrepayment Charges, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of LIBOR Certificates may be issued and the Class M12 Certificates represents beneficial ownership of a regular interest in the Upper Tier REMIC, and the right to receive Basis Risk Carryover Amounts in the case of the LIBOR Certificates, and the Class X Certificates represent beneficial ownership of a different amount andregular interest in the Upper Tier REMIC, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Excess Reserve Fund Account and the Cap Agreements. Lower Tier REMIC Lower Tier REMIC Class Designation Lower Tier REMIC Interest Rate Initial Lower Tier REMIC Principal Amount Corresponding Upper Tier REMIC Regular Interest Class PassLT-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1I-A-1 $75,000,000.00 A (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance I-A Class LT-II-A-1 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance II-A-1 Class LT-II-A-2 $100,849,000.00 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance II-A-2 Class LT-II-A-3 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance II-A-3 Class LT-II-A-4 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance II-A-4 Class LT-M-1 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-1 Class LT-M-2 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-2 Class LT-M-3 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-3 Class LT-M-4 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-4 Class LT-M-5 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-5 Class LT-M-6 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-6 Class LT-M-7 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-7 Class LT-M-8 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-8 Class LT-M-9 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-9 Class LT-M-10 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-10 Class LT-M-11 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-11 Class LT-M-12 (1) ¼ Corresponding Upper Tier REMIC Regular Interest initial Class Principal Balance M-12 Class LT-Accrual (1) ¼ Pool Stated Principal Balance plus ¼ Overcollateralization Amount N/A Class LT- Group I(SUB) (1) 0.01% initial Group Subordinate Amount of the Group I Mortgage Loans N/A Class LT- Group I (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.01% initial aggregate Stated Principal Balance of the Group I Mortgage Loans N/A Class LT- Group II(SUB) (1-A-3 $40,341,000.00 ) 0.01% initial Group Subordinate Amount of the Group II Mortgage Loans N/A Class LT- Group II (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- 0.01% initial aggregate Stated Principal Balance of the Group II Mortgage Loans N/A Class LT-XX (1) ½ initial aggregate Stated Principal Balance of the Mortgage Loans, less aggregate Initial Lower-A-4 Tier REMIC Principal Amounts of Class LT-Group I(SUB), Class LT-Group I, Class LT-Group II(SUB) and Class LT-Group II Interests N/A Class LT-R (4) (54) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-N/A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------______________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HASCO Trust 2005-Nc2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposesAs provided herein, the Trustee will elect that the Trust Fund (other than excluding the Carryover Reserve Fund, the assets held in the Pre-Funding Account and the Capitalized Interest Account and the Trust Fund's rights with respect to payments received under the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve FundContract) for federal income tax purposes will consist of three real estate mortgage investment conduits REMICs (each a "REMIC" or, in the alternative, the "Lower Tier Swap-IO REMIC," the "Middle Tier Strip REMIC" and the "Master REMIC," respectively"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents will represent ownership of the sole class of residual interest in the Lower Tier Swap-IO REMIC, the Middle Tier Strip REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier Strip REMIC Interests (other than the Class MTRSTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier Strip REMIC Interest (other than the Class MTRSTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Strip REMIC. The Strip REMIC and each Lower Tier will hold as assets the several classes of uncertificated Swap-IO REMIC Interests (other than the SWR-A-R Interest). Each Swap-IO REMIC Interest (other than the Class LTRSWR-A-R Interest) is hereby designated as a regular interest in the Lower Tier Swap-IO REMIC. The Swap-IO REMIC . will hold as assets all property of the Trust Fund (excluding the Carryover Reserve Fund, the assets held in the Pre-Funding Account and the Capitalized Interest Account and the Trust Fund's rights with respect to payments received under the Corridor Contract) The latest possible maturity date date, for federal income tax purposes, of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The following table sets Swap Trust, the Swap Contract, the Swap Account and the Swap Reserve Fund will not constitute any part of any REMIC created hereunder. The Swap-IO REMIC Interests will have the principal balances and pass-through rates as set forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) (5) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-5 $3,662,000.00 (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------below.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CWHEQ Home Equity Loan Trust, Series 2007-S3)
PRELIMINARY STATEMENT. The Depositor is the owner of As provided herein, the Trust Fund Administrator shall elect that is hereby conveyed to the Trustee in return for the Certificates. For federal income tax purposes, the Trust Fund (other than exclusive of the Corridor ContractsSupplemental Interest Trust, the Corridor Contract Reserve Fund Yield Maintenance Accounts and the Reserve FundYield Maintenance Agreements) will consist of three be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each Certificate, Class of Certificates (other than the Class AAR and Class AR-R CertificateL Certificates, will represent the Exchangeable Certificates and the Exchangeable REMIC Certificates and exclusive of the right to receive amounts from the related Yield Maintenance Account in the case of the Class 1-A-1 and Class 3-A-1 Certificates) and each Class of Uncertificated REMIC Interests represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the Class PP Reserve Fund and the several classes of uncertificated Middle Tier Interests in Middle REMIC 2 other than the Class MT2-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (1 other than the Class MTR-AMT1-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1, other than the Class LTR-ALT1-R Interest). The , and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in Subsidiary REMIC 1. Subsidiary REMIC 1 shall hold as its assets the Middle Tier REMIC Mortgage Loans in Loan Groups 1, 2 and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC 3, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp 1 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6.000% N/A LT1-1-A-2 $100,849,000.00 X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1(2) A-A-3 $40,341,000.00 X LT1-Grp 2 (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 15.000% N/A LT1-A-4 2-PO (4) (5) $25,000.00(6A-P LT1-Grp 3 (6) $1,000.00(6) --------------------------------------------------------------------------------- Class 15.500% N/A LT1-A-5 $3,662,000.00 3-X (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (97) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) X LT1-R $100.00 5.5050.00 5.000% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------AR-L ________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-2)
PRELIMINARY STATEMENT. The Depositor is As provided herein, the owner of Trust Administrator shall elect that the Trust Fund that is hereby conveyed to the Trustee in return be treated for the Certificates. For federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) will consist of three purposes as comprising five real estate mortgage investment conduits (each a "“REMIC" ” or, in the alternative, the "Lower Tier REMIC“Subsidiary REMIC 1," the "” “Subsidiary REMIC 2,” “Middle Tier REMIC" REMIC 1,” “Middle REMIC 2,” and the "“Master REMIC," respectively”). Each CertificateClass of Certificates, other than the Class AAR and Class AR-R CertificateL Certificates, will represent represents ownership of one or more a regular interests interest in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents AR Certificates represent ownership of the sole class of residual interest in the Lower Tier REMICeach of Middle REMIC 1, the Middle Tier REMIC 2, and the Master REMICREMIC for purposes of the REMIC Provisions. The Class AR-L Certificates represent ownership of the sole class of residual interest in Subsidiary REMIC 1 and Subsidiary REMIC 2 for purposes of the REMIC Provisions. The Master REMIC will shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC Interests (2 other than the Class MTR-AMT2-R Interest). The , and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC will 2. Middle REMIC 2 shall hold as its assets the several classes of uncertificated Middle Tier Interests in Middle REMIC 1 other than the Class MT1-R Interest, and each such Middle Tier Interest is hereby designated as a regular interest in Middle REMIC 1. Middle REMIC 1 shall hold as its assets the several classes of uncertificated Lower Tier Interests in Subsidiary REMIC Interests (1, and Subsidiary REMIC 2, other than the Class LTR-ALT1-R Interest). The and LT2-R Interests, and each such Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier REMIC Interest (other than the Class MTR-A-R Interest) is hereby designated as a regular interest in a Subsidiary REMIC. Subsidiary REMIC 1 shall hold as its assets the Middle Tier Mortgage Loans in Loan Groups 1, 4 and 5, and all collections and accounts related thereto. Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Groups 2, 3, 6, 7, and each Lower Tier REMIC Interest (other than the Class LTR-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC 8, and all collections and accounts related thereto. The startup day for each REMIC created hereby for purposes of the REMIC Provisions is the Closing Date. In addition, for purposes of the REMIC Provisions, the latest possible maturity date for each regular interest in each REMIC created hereby is the Distribution Date following the third anniversary of all REMIC regular interests created herein shall be the Latest Possible Maturity scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. Subsidiary REMIC 1 The following table sets forth characteristics (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 1: Subsidiary REMIC 1 Interest Initial Principal Balance Interest Rate Corresponding Class of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class PassLT1-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 $75,000,000.00 Grp 1 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6.500% N/A LT1-1-A-2 $100,849,000.00 X (2) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class (2) D-X-1 LT1-1-A-3 $40,341,000.00 PO (3) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-4 (4) A-P LT1-Grp 4 (5) $25,000.00(66.000% N/A LT1-4-X (6) $1,000.00(6(6) --------------------------------------------------------------------------------- Class 1D-A-5 $3,662,000.00 X-2 LT1-4-PO (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) A-P LT1-Grp 5 (9) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 15.250% N/A LT1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 X (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class (10) D-X-2 LT1-5-A-2 PO (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5A-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5P LT1-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A R (13) (1413) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-N/A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. For The Trust Fund (excluding the Pre-funding Account, the Capitalized Interest Account and the Carryover Reserve Fund) for federal income tax purposes, the Trust Fund (other than the Corridor Contracts, the Corridor Contract Reserve Fund and the Reserve Fund) purposes will consist of three real estate mortgage investment conduits REMICs (each a "REMIC" or, in the alternative, the "Lower Tier Swap-IO REMIC," the "Middle Tier " Strip REMIC" and the "Master REMIC," respectively"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in the Lower Tier Swap-IO REMIC, the Middle Tier Strip REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Middle Tier Strip REMIC Interests (other than the Class MTRSTR-A-R Interest). The Middle Tier REMIC will hold as assets the several classes of uncertificated Lower Tier REMIC Interests (other than the Class LTR-A-R Interest). The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Corridor Contracts, the Reserve Fund and the Corridor Contract Reserve Fund). Each Middle Tier Strip REMIC Interest (other than the Class MTRSTR-A-R Interest) is hereby designated as a regular interest in the Middle Tier Strip REMIC. The Strip REMIC and each Lower Tier will hold as assets the several classes of uncertificated Swap-IO REMIC Interests (other than the SWR-A-R Interest). Each Swap-IO REMIC Interest (other than the Class LTRSWR-A-R Interest) is hereby designated as a regular interest in the Lower Tier Swap-IO REMIC. The Swap-IO REMIC will hold as assets all property of the Trust Fund (excluding the Pre-funding Account, the Capitalized Interest Account and the Carryover Reserve Fund). The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The following table sets Swap Trust, Swap Contract, and Swap Account will not constitute any part of any REMIC. SWAP-IO REMIC: The Swap-IO REMIC Interests will have the principal balances and pass-through rates as set forth characteristics of the Master below: ------------------------------------------------------------------------------- Initial Principal SWAP-IO REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================= Integral Initial Class Interests Balance(1) Pass-Through Multiples in Class Certificate Rate Minimum Excess of Designation Balance (per annum) Denomination Minimum --------------------------------------------------------------------------------- Class 1-A-1 ------------------------------------------------------------------------------- SWR-1A $75,000,000.00 (1) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-2 $100,849,000.00 1,335,115.29 (2) ------------------------------------------------------------------------------- SWR-1B $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-3 $40,341,000.00 1,335,115.29 (3) ------------------------------------------------------------------------------- SWR-2A $25,000.00 1,509,339.98 (2) ------------------------------------------------------------------------------- SWR-2B $1,000.00 --------------------------------------------------------------------------------- Class 11,509,339.98 (3) ------------------------------------------------------------------------------- SWR-3A $1,678,410.68 (2) ------------------------------------------------------------------------------- SWR-3B $1,678,410.68 (3) ------------------------------------------------------------------------------- SWR-4A $1,845,071.11 (2) ------------------------------------------------------------------------------- SWR-4B $1,845,071.11 (3) ------------------------------------------------------------------------------- SWR-5A $2,007,991.04 (2) ------------------------------------------------------------------------------- SWR-5B $2,007,991.04 (3) ------------------------------------------------------------------------------- SWR-6A $2,160,196.26 (2) ------------------------------------------------------------------------------- SWR-6B $2,160,196.26 (3) ------------------------------------------------------------------------------- SWR-7A $2,289,892.26 (2) ------------------------------------------------------------------------------- SWR-7B $2,289,892.26 (3) ------------------------------------------------------------------------------- SWR-8A $2,455,451.47 (2) ------------------------------------------------------------------------------- SWR-8B $2,455,451.47 (3) ------------------------------------------------------------------------------- SWR-9A $2,601,788.69 (2) ------------------------------------------------------------------------------- SWR-9B $2,601,788.69 (3) ------------------------------------------------------------------------------- SWR-10A $2,740,195.93 (2) ------------------------------------------------------------------------------- SWR-10B $2,740,195.93 (3) ------------------------------------------------------------------------------- SWR-11A $2,872,828.31 (2) ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Initial Principal SWAP-A-4 IO REMIC Interests Balance(1) Pass-Through Rate ------------------------------------------------------------------------------- SWR-11B $2,872,828.31 (3) ------------------------------------------------------------------------------- SWR-12A $2,976,747.38 (2) ------------------------------------------------------------------------------- SWR-12B $2,976,747.38 (3) ------------------------------------------------------------------------------- SWR-13A $3,049,910.76 (2) ------------------------------------------------------------------------------- SWR-13B $3,049,910.76 (3) ------------------------------------------------------------------------------- SWR-14A $3,081,893.31 (2) ------------------------------------------------------------------------------- SWR-14B $3,081,893.31 (3) ------------------------------------------------------------------------------- SWR-15A $3,109,830.90 (2) ------------------------------------------------------------------------------- SWR-15B $3,109,830.90 (3) ------------------------------------------------------------------------------- SWR-16A $3,116,817.89 (2) ------------------------------------------------------------------------------- SWR-16B $3,116,817.89 (3) ------------------------------------------------------------------------------- SWR-17A $3,100,617.24 (2) ------------------------------------------------------------------------------- SWR-17B $3,100,617.24 (3) ------------------------------------------------------------------------------- SWR-18A $3,077,707.58 (2) ------------------------------------------------------------------------------- SWR-18B $3,077,707.58 (3) ------------------------------------------------------------------------------- SWR-19A $3,052,958.18 (2) ------------------------------------------------------------------------------- SWR-19B $3,052,958.18 (3) ------------------------------------------------------------------------------- SWR-20A $3,026,385.57 (2) ------------------------------------------------------------------------------- SWR-20B $3,026,385.57 (3) ------------------------------------------------------------------------------- SWR-21A $2,975,410.07 (2) ------------------------------------------------------------------------------- SWR-21B $2,975,410.07 (3) ------------------------------------------------------------------------------- SWR-22A $2,877,719.83 (2) ------------------------------------------------------------------------------- SWR-22B $2,877,719.83 (3) ------------------------------------------------------------------------------- SWR-23A $3,320,799.70 (2) ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Initial Principal SWAP-IO REMIC Interests Balance(1) Pass-Through Rate ------------------------------------------------------------------------------- SWR-23B $3,320,799.70 (3) ------------------------------------------------------------------------------- SWR-24A $4,108,232.71 (2) ------------------------------------------------------------------------------- SWR-24B $4,108,232.71 (3) ------------------------------------------------------------------------------- SWR-25A $3,875,615.38 (2) ------------------------------------------------------------------------------- SWR-25B $3,875,615.38 (3) ------------------------------------------------------------------------------- SWR-26A $3,684,791.32 (2) ------------------------------------------------------------------------------- SWR-26B $3,684,791.32 (3) ------------------------------------------------------------------------------- SWR-27A $3,503,497.67 (2) ------------------------------------------------------------------------------- SWR-27B $3,503,497.67 (3) ------------------------------------------------------------------------------- SWR-28A $3,331,417.21 (2) ------------------------------------------------------------------------------- SWR-28B $3,331,417.21 (3) ------------------------------------------------------------------------------- SWR-29A $2,904,116.01 (2) ------------------------------------------------------------------------------- SWR-29B $2,904,116.01 (3) ------------------------------------------------------------------------------- SWR-30A $2,319,164.33 (2) ------------------------------------------------------------------------------- SWR-30B $2,319,164.33 (3) ------------------------------------------------------------------------------- SWR-31A $2,236,808.25 (2) ------------------------------------------------------------------------------- SWR-31B $2,236,808.25 (3) ------------------------------------------------------------------------------- SWR-32A $2,157,660.17 (2) ------------------------------------------------------------------------------- SWR-32B $2,157,660.17 (3) ------------------------------------------------------------------------------- SWR-33A $2,080,732.27 (2) ------------------------------------------------------------------------------- SWR-33B $2,080,732.27 (3) ------------------------------------------------------------------------------- SWR-34A $2,179,312.22 (2) ------------------------------------------------------------------------------- SWR-34B $2,179,312.22 (3) ------------------------------------------------------------------------------- SWR-35A $2,237,995.66 (2) ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Initial Principal SWAP-IO REMIC Interests Balance(1) Pass-Through Rate ------------------------------------------------------------------------------- SWR-35B $2,237,995.66 (3) ------------------------------------------------------------------------------- SWR-36A $2,159,285.65 (2) ------------------------------------------------------------------------------- SWR-36B $2,159,285.65 (3) ------------------------------------------------------------------------------- SWR-37A $2,055,681.60 (2) ------------------------------------------------------------------------------- SWR-37B $2,055,681.60 (3) ------------------------------------------------------------------------------- SWR-38A $1,973,077.67 (2) ------------------------------------------------------------------------------- SWR-38B $1,973,077.67 (3) ------------------------------------------------------------------------------- SWR-39A $1,893,801.98 (2) ------------------------------------------------------------------------------- SWR-39B $1,893,801.98 (3) ------------------------------------------------------------------------------- SWR-40A $1,730,470.12 (2) ------------------------------------------------------------------------------- SWR-40B $1,730,470.12 (3) ------------------------------------------------------------------------------- SWR-41A $1,607,042.61 (2) ------------------------------------------------------------------------------- SWR-41B $1,607,042.61 (3) ------------------------------------------------------------------------------- SWR-42A $1,561,613.77 (2) ------------------------------------------------------------------------------- SWR-42B $1,561,613.77 (3) ------------------------------------------------------------------------------- SWR-43A $1,509,584.53 (2) ------------------------------------------------------------------------------- SWR-43B $1,509,584.53 (3) ------------------------------------------------------------------------------- SWR-44A $1,456,117.01 (2) ------------------------------------------------------------------------------- SWR-44B $1,456,117.01 (3) ------------------------------------------------------------------------------- SWR-45A $1,404,403.32 (2) ------------------------------------------------------------------------------- SWR-45B $1,404,403.32 (3) ------------------------------------------------------------------------------- SWR-46A $1,354,384.76 (2) ------------------------------------------------------------------------------- SWR-46B $1,354,384.76 (3) ------------------------------------------------------------------------------- SWR-47A $1,306,047.56 (2) ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Initial Principal SWAP-IO REMIC Interests Balance(1) Pass-Through Rate ------------------------------------------------------------------------------- SWR-47B $1,306,047.56 (3) ------------------------------------------------------------------------------- SWR-48A $39,294,270.16 (2) ------------------------------------------------------------------------------- SWR-48B $39,294,270.16 (3) ------------------------------------------------------------------------------- SWR-Support (4) (5) ------------------------------------------------------------------------------- SWR-P $25,000.00(6100.00 (6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1------------------------------------------------------------------------------- SW-A-5 $3,662,000.00 A-R (7) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-6 (8) (97) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 1-A-7 $10,602,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 1-A-8 $26,686,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 2-A-1 $76,616,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 3-A-1 $257,750,000.00 6.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 4-A-1 $43,246,000.00 6.00% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-1 $111,000,000.00 (10) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-2 (11) (12) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class 5-A-3 $3,891,000.00 5.50% $1,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 5-A-4 $13,315,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 6-A-1 $36,166,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class 7-A-1 $36,128,000.00 5.50% $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class X-A (13) (14) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-B (15) (16) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-C (17) (18) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-D (19) (20) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-E (21) (22) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class X-F (23) (24) $25,000.00(6) $1,000.00(6) --------------------------------------------------------------------------------- Class PO-A $663,597.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-B $261,609.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-C $1,626,788.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class PO-D $169,969.00 (25) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class A-R(26) $100.00 5.50% (27) (27) --------------------------------------------------------------------------------- Class M $15,632,500.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-1 $6,079,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-2 $2,606,000.00 (28) $25,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-3 $2,606,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-4 $2,171,000.00 (28) $100,000.00 $1,000.00 --------------------------------------------------------------------------------- Class B-5 $1,302,777.74 (28) $100,000.00 $1,000.00 ================================================================================= ------------------------------------------------------------------------------------------------------------------------- ---------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc6)
